Business > QUESTIONS & ANSWERS > MAN 4441-901 125 STUDY GUIDE QUESTIONS FOR FINAL EXAM (7/15/14) (All)

MAN 4441-901 125 STUDY GUIDE QUESTIONS FOR FINAL EXAM (7/15/14)

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Family businesses are uniquely vulnerable to intra-family conflicts and their spillover into the business. a. true b. false 2. Cultural differences have little impact on negotiations. a. true b.... false 3. Optimal agreements are more likely to occur when you are negotiating with close friends. a. true b. false 4. About half of all businesses in the U.S. are family owned. a. true b. false 5. Negotiations involving a family business are typically more complex than those in a nonfamily business. a. true b. false 6. Parental concern is a trait that positively links a parent’s welfare to that of their children and facilitates mutual trust, communication, and reciprocity. a. true b. false 7. Conflict in family businesses generally increases with each successive generation. a. true b. false 8. Which of the following is not one of the five characteristics of fair processes in family firms identified by Van der Heyden and colleagues? A. Communication and voice B. Collaboration C. Consistency D. Commitment to fairness 9. According to the text, you are at higher risk when dealing with this type of party because there is more at stake and the cost of conflict is higher. A. Friends/family B. Landlords/tenants C. Co-workers D. Passengers on a bus 10. In this relationship, there are likely to be more legal conflicts between the parties. A. Landlords/tenants B. Friends/family C. Co-workers D. Passengers on a bus [Show More]

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