Steve,Harry,and Chris,who Own and Operate a Family Auto Parts Store,are

Multiple Choice

Steve,Harry,and Chris,who own and operate a family auto parts store,are experiencing tough times during a downturn in the local economy.To help the store survive these conditions,the brothers agree to each take a 25 percent reduction in salary for a one-year period.This decision:

A) demonstrates a weakness of financial management.
B) illustrates an important advantage of a family business.
C) reveals a lack of customer orientation in a family business.
D) reflects a lessening of entrepreneurial ambition in second-generation businesses.