Use the Information for the Question(s) Below

question 50

Essay

Use the information for the question(s) below.
Joe just inherited the family business, and having no desire to run the family business, he has decided to sell it to an entrepreneur. In exchange for the family business, Joe has been offered an immediate payment of $100,000. Joe will also receive payments of $50,000 in one year, $50,000 in two years, and $75,000 in three years. The current market rate of interest for Joe is 6%.
-Suppose a second entrepreneur approaches Joe and offers him $250,000 today for the business.Should Joe accept the new entrepreneur's offer or stick with the original offer of $100,000 and the series of payments over three years? Why?

---

Definitions:

Retrieve Information

The process of finding and bringing back data or details from a storage location or database.

Confidentiality

The ethical and legal duty to protect personal or sensitive information from unauthorized disclosure or access.

HIPAA

The Health Insurance Portability and Accountability Act, a U.S. law designed to protect patient health information privacy and security.

Change-of-Shift Report

A communication process in healthcare where outgoing staff transfer important patient information to incoming staff at the end of a shift.