What Is a Possible Drawback to Buying an Existing Business

question 26

Multiple Choice

What is a possible drawback to buying an existing business?

• A) It creates unrealistic expectations.
• B) There are often significant legal hassles involved in transferring ownership.
• C) You may inherit the mistakes made by the previous owner.
• D) It's significantly riskier than starting from scratch.

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Definitions:

DNA

Deoxyribonucleic acid, a molecule that contains the genetic instructions an organism needs to develop, live, and reproduce.

Social Category

A classification of individuals based on shared characteristics or attributes, often used in sociological and psychological analysis.

Bureaucratic Inertia

The tendency of bureaucratic organizations to resist change and maintain the status quo due to their complex structures and rules.

Bureaucracies

are complex organizational structures designed to manage and administer the policies, rules, and regulations of larger institutions or governments through a hierarchical system of authority.