When Is the Right Time to Begin Thinking About an Exit

question 32

Multiple Choice

When is the right time to begin thinking about an exit strategy?

• A)When the owner wants to retire
• B)When a willing buyer expresses an interest
• C)When declining health forces the owner to leave active management
• D)When the money is first investedint he business

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Definitions:

Purified Protein Derivative (PPD)

A substance used in a tuberculin skin test (TST) to detect tuberculosis infection.

Tuberculosis (TB)

A contagious bacterial infection caused by Mycobacterium tuberculosis, primarily affecting the lungs but may spread to other organs.

Antitussive/Expectorant

Medications used to suppress coughing (antitussive) and help clear mucus from the respiratory tract (expectorant).

Sputum

Mucus that is coughed up from the lower airways (bronchi and lungs), often used in medical testing to detect pathogens or abnormalities.