Question 1

There was a time when founder-owners managed companies. When the founder-owners could no longer run the company, they handed it over to someone in their family.

Question 1 options:

	True
	False

Question 2

In small companies, owners might still exert power because they are typically high-percentage shareholders.

Question 2 options:

	True
	False

Question 3

In the U.S., it is documented that at least one-third of the Standard & Poor's (S&P) top 500 firms are high-percentage family owners. In other countries, the number of family-owned corporations is even higher.

Question 3 options:

	True
	False

Question 4

The main reason families hold on to their ownership is to generate family wealth, which is why they seem to perform better than manager-run companies.

Question 4 options:

	True
	False

Question 5

Organizational structures and controls that are not in sync with a firm's strategic management plan greatly reduce the firm's chances of achieving a competitive advantage.

Question 5 options:

	True
	False