Which of the Following Is a Disadvantage of Buying an Existing

question 49

Multiple Choice

Which of the following is a disadvantage of buying an existing business?

• A) Potential buyers have less clarity on what to expect from the venture.
• B) The entrepreneur may suffer the ill effects of a prior owner's errors.
• C) The task of predicting sales becomes more difficult.
• D) The task of identifying customers becomes more difficult.
• E) The risks involved are higher.

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Definitions:

Stereotypic Behaviors

Repetitive or ritualistic movements, postures, or utterances, often indicative of anxiety, stress, or developmental conditions.

Outgroup Homogeneity Effect

The tendency to view members of an outgroup as more similar to each other than members of one's ingroup.

Visual Perception

The process of interpreting and making sense of visual information from the environment through the eyes and brain.

Shooter Bias

A cognitive bias in which a person is more likely to shoot a target they perceive to be holding a weapon because of their race or ethnicity.