In Buying an Existing Business, the Prospective Buyer Should Ask

question 115

Multiple Choice

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

• A) How are you going to use the money you receive for the business?
• B) Are any of the employees creating problems?
• C) Who loaned you the initial investment?
• D) Are there any problems with the business?

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Definitions:

Directed Remembering

A cognitive process where individuals attempt to recall specific information from their memory intentionally or under guidance.

Directed Remembering

Directed remembering involves consciously focusing one's effort to recall specific information or memories when prompted.

Goal-driven

Behavior or activity that is directed towards achieving specific objectives or outcomes.

Information Recall

The ability to retrieve and reproduce information from memory that was previously learned or experienced.