The Seller of an Existing Business Placed a High Value

question 70

Multiple Choice

The seller of an existing business placed a high value on his experienced employees.The buyer should be wary of this because:

• A)their skills may be obsolete.
• B)the seller wants a higher price for his business.
• C)the workers may decide to leave after the sale.
• D)the buyer will want to bring in his own people.

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Definitions:

Ease of Retrieval Effect

The phenomenon where individuals judge the frequency or likelihood of an event based on how easily examples of the event come to mind.

Long-Term Memories

Memories that can be retained for an extended period, potentially a lifetime, including factual, experiential, and conceptual information.

Personal Factors

Individual characteristics that influence behavior, attitudes, and performance.

Situational Factors

External conditions or circumstances that influence an individual's behavior, decisions, and actions in a given context.