Questions: In a small family business, the most important support group is the family. True or False True False

In a small family business, the most important support group is the family.

True or False
True
False
Transcript text: In a small family business, the most important support group is the family. True or False True False
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Solution

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Answer

The answer is True.

Explanation

In a small family business, the family often plays a crucial role in providing support, both emotionally and financially. Family members are typically deeply invested in the success of the business, which can lead to a strong support system. This support can manifest in various ways, such as offering advice, helping with operations, or providing financial backing. The close-knit nature of family relationships can also foster a sense of trust and commitment that is vital for the business's success.

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