Entrepreneurs Should Attempt to Buy a Troubled Business at a Discount

question 76

True/False

Entrepreneurs should attempt to buy a troubled business at a discount even if they do not have specific skills and a plan to turn around a business that is in significant decline.

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Definitions:

Preconventional Morality

The first level in Kohlberg's theory of moral development, where behavior is guided by punishment avoidance and self-interest.

Conventional Morality

A stage in moral development where individuals make decisions based on societal norms and laws.

Conventional Morality

A stage of moral development where individuals make judgments based on societal rules and norms concerning right and wrong.

Unconventional Morality

A system of ethics that differs from the customary or established norms in a society.