When Buying a Small Business, You Need to Know All

question 51

Multiple Choice

When buying a small business, you need to know all of the following items except the

• A)owner's reason for selling.
• B)competition in the area.
• C)financial picture of the business.
• D)owner's family stability and relationships.

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Definitions:

Computer

an electronic device designed to accept data, perform prescribed mathematical and logical operations at high speed, and display the results of these operations.

Language Properties

Fundamental characteristics of language, including syntax, semantics, phonetics, and pragmatics, that enable communication.

Inductive Reasoning

A method of reasoning in which specific observations lead to broader generalizations or theories.

Deductive Reasoning

A logical process where a conclusion follows necessarily from the given premises; if the premises are true, the conclusion must also be true.