When a Business Being Sold Is No Longer a Going-Concern

question 5

Multiple Choice

When a business being sold is no longer a going-concern due to declining profits, a liquidation value can be determined using

• A)the earnings method.
• B)the contingent business value method.
• C)the annual gross revenues earned method.
• D)the asset valuation approach.

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Definitions:

Good Life

A concept reflecting a state of well-being, fulfillment, and happiness, often pursued through ethical and meaningful living.

Utility Principle

A principle in ethics and economics stating that the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number.

Carol Gilligan

An American feminist, ethicist, and psychologist best known for her work on ethical community and the ethics of care, challenging traditional models of moral development.

Moral Development

The process through which individuals evolve in their understanding and application of moral concepts, behaviors, and reasoning over time.