Which One of These Is Not Listed by the Small

question 24

Multiple Choice

Which one of these is not listed by the Small Business Administration as part of the necessary due diligence one should do before purchasing a business?​

• A)​Reviewing zoning requirements
• B)​Acquiring licenses and permits
• C)​Doing Internet research on the current business owner
• D)Hiring an accountant and attorney​

---

Definitions:

Direct Expense

Expenses that can be directly attributed to the production of goods or services, such as raw materials and labor costs.

Profit Center

A profit center is a branch or division of a company that is responsible for generating its own revenue and profit, evaluated independently.

Financial Statements

Papers that offer a summary of a firm's financial status, featuring the balance sheet, income statement, and cash flow statement.

Income Statement

A financial report that shows a company's revenues, expenses, and net profit or loss over a specific period.