59. Its true of the old family firms that ________.
[A] they were spoiled by the younger generations
[B] they failed for lack of individual initiative
[C] they lacked efficiency compared with modern companies
[D] they could supply adequate services to the taxpayers
60. The growth of limited liability companies resulted in ________.
[A] the separation of capital from management
[B] the ownership of capital by managers
[C] the emergence of capital and labour as two classes
[D] the participation of shareholders in municipal business
61. According to the passage, all of the following are true EXCEPT that ________.
[A] the shareholders were unaware of the needs of the workers
[B] the old firm owners had a better understanding of their workers
[C] the limited liability companies were too large to run smoothly
[D] the trade unions seemed to play a positive role
62. The author is most critical of ________.
[A] family film owners
[B] landowners
[C] managers
[D] shareholders
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