A Conservative Rule of Thumb for Estimating a Business' Worth

question 77

True/False

A conservative rule of thumb for estimating a business' worth is that it is 10 times the firm's most current annual profit.

---

Definitions:

Meaningful Work

Employment perceived as having significance or purpose, contributing positively to the individual or society.

High Responsibility

Positions or roles within an organization that entail significant accountability and decision-making authority.

Ergonomics

The study or practice of designing products, systems, or processes to optimize them for human use.

Aging Workforce

The aging workforce is a demographic trend characterized by an increasing average age of the working population, presenting challenges in retirement planning and workforce management.