The Most Important Element(s) in Selecting a Business Valuation Professional

question 111

Multiple Choice

The most important element(s) in selecting a business valuation professional include which of the following: (Select only one)

• A) Overall experience
• B) Demonstrated ability in the industry in which the firm to valued competes
• C) Degree of specialization
• D) Number of professional degrees
• E) A and B only

---

Definitions:

High Pressure Pump

A device that increases the pressure of liquids, commonly used in industries requiring the precise control of fluids under high pressure.

Selling Price

The amount a buyer pays to acquire a product or service from a seller.

Value-Based Pricing

A pricing strategy where the price of a product or service is determined by the perceived value to the customer rather than the cost of production.

Useful Life

The estimated period over which a fixed asset is expected to be usable by an entity, beyond which it is considered to depreciate to a value of no or minimal worth.