When Purchasing a Business, Non-Liquid Assets

question 30

Multiple Choice

When purchasing a business, non-liquid assets:

• A) should by ignored for business planning purposes.
• B) should be subjected to an independent appraisal.
• C) should be considered not to have any value.
• D) should be valued at 20% of total fixed assets.

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Definitions:

Alternative or Compromise

A solution that involves finding a middle ground or substituting an original option with a more viable one to resolve a difference.

Psychological Reactance

A reaction to regain freedom in response to perceived restrictions on personal choices or behaviors.

Team Failure

Refers to a situation where a group of individuals working together fails to achieve the set goals or objectives due to various reasons such as poor communication, lack of collaboration, or conflicting interests.

Apology

An expression of remorse or regret for one's actions, often a crucial component of conflict resolution and maintaining relationships.