A Small Business Owner May Want to Exit the Business

question 21

Multiple Choice

A small business owner may want to exit the business because

• A)the business has done very well but the future does not hold the same potential for similar success.
• B)all the assets are in the business.
• C)other opportunities are available.
• D)all of these.

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Definitions:

Break-Even Sales

The amount of revenue required to cover total fixed and variable costs, beyond which a business starts generating profit.

Break-even Sales

The amount of revenue required to cover all fixed and variable costs, resulting in no profit or loss.

Northern Division

A geographical or organizational subdivision of a company or entity located in the northern region.

Break-even Sales

The amount of revenue needed to cover total costs, at which point a business neither makes a profit nor incurs a loss.