When Buying an Existing Business, the Prospective Buyer Should Ask

question 104

Multiple Choice

When buying an existing business, the prospective buyer should ask questions about the operation of the business. Which of the following would be an inappropriate question to ask?

• A) Why are you selling?
• B) Are there any problems with the business?
• C) Is the business operating at a profit?
• D) What are you going to do with the down payment?

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Definitions:

Corporate Philanthropy

The act of a corporation donating resources, including money, time, or products, to charitable causes to promote the welfare of others.

Social Impact

The effect an organization's actions have on the well-being of a community or society at large.

Corporate Leaders

Executives and high-level managers who have significant responsibility in guiding a corporation's strategy and operations.

Ethical Leadership

A leadership style guided by moral principles and values aiming to influence organizational behavior positively.