As an Employee of a Small Business, DeMonte Has Observed

question 41

True/False

As an employee of a small business, DeMonte has observed the owner's desire to retire. Since DeMonte would like to buy the business, he needs to determine how much the business is worth. In order to determine a fair price for the business, DeMonte should add up the market value of all of the firm's physical assets such as buildings, machinery, equipment, and inventory, and willingly pay this amount for the business.

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Definitions:

Norms

Socially accepted rules that dictate the expected behavior in specific situations, guiding individual actions within a group.

Manipulated

Altered or controlled in a skillful or sometimes deceitful manner to achieve a desired outcome.

Behavior

The actions or reactions of an organism, often in relation to its environment, which can be observed and measured.

Littering

The improper disposal of waste products in an inappropriate place, typically in public areas.