When Buying a Small Business You Need to Know All

question 12

Multiple Choice

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

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

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Definitions:

Standard Deviation

An indication of how much the values in a dataset spread out or diverge from one another.

Mean Grams of Fat

The average amount of fat, measured in grams, consumed or contained in a particular diet or food item.

Confidence Interval

A range of values calculated from a set of data so that it is very likely, to a specified probability, that the true parameter of the population is within this range.

Standard Deviation

A statistic that measures the dispersion or variability of a set of data points from their mean.