A firm that has two or more members of the same family managing and/or working in it and that is owned and operated for the benefit of that family's members is called a ________.
A) Family business
B) Mob business
C) Domestic business
D) Household business
E) None of the above

Question

Quizplus · Accepted Answer

A family business is defined as a firm that has two or more members of the same family managing and/or working in it and that is owned and operated for the benefit of that family's members. None of the other choices accurately describe this type of business.

A Firm That Has Two or More Members of the Same