Which of the Following Is a Potential Disadvantage of Purchasing

question 3

Multiple Choice

Which of the following is a potential disadvantage of purchasing an existing business?

• A)The employees inherited with the business may not be suitable.
• B)The previous owner may have created ill will among the company's customers.
• C)Equipment and facilities may be obsolete or inefficient.
• D)All of the above

---

Definitions:

Debtor

An individual or organization that owes money to another entity.

Chapter 7

Chapter 7 refers to a chapter of the U.S. Bankruptcy Code that provides for the liquidation of a debtor's non-exempt assets to pay off creditors.

Fresh Start

An opportunity to begin again or reset one's circumstances often in a positive and improved direction.

Discharge

Discharge in legal terms often refers to the release or termination of a legal obligation or debt.