Mayer's Philosophy of Never Using Debt to Finance Operations or Expansion

Multiple Choice

Mayer's philosophy of never using debt to finance operations or expansion was born during the Great Depression and passed on to his sons when they joined the family business. Today, the multi-million-dollar organization proudly follows Mayer's practice under the leadership of Mayer's great-grandsons and -daughters. This family's commitment is based on

A) family control and influence.
B) identification of family members with the firm.
C) binding social ties.
D) emotional attachment of family members.