Consider the following statement. I. Family owned business includes two or more family members and the majority of ownership lies within the family. II. Family owned business includes two or more family members and the majority of ownership is divided between the partners. Which of the following is/are correct?

Consider the following statement. I. Family owned business includes tw

1.	Consider the following statement. I. Family owned business includes two or more family members and the majority of ownership lies within the family. II. Family owned business includes two or more family members and the majority of ownership is divided between the partners. Which of the following is/are correct?
A.	Only I
B.	Only II
C.	Both I and II
D.	None of the above
Answer» B. Only II

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