Intangible Fixed Assets Would Include

question 21

Multiple Choice

Intangible fixed assets would include:

• A) building.
• B) machinery.
• C) trademarks.
• D) equipment.

Identify the advantages and disadvantages of buying an existing business, including supplier relationships and customer familiarity.

Acknowledge the importance of formalizing verbal agreements in writing when purchasing a business.

Understand the increasing popularity of buying existing businesses as a pathway to small business ownership.

Understand potential liabilities associated with past business contracts when purchasing an existing business.

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Definitions:

Right Of Privacy

The right of an individual to be free from intrusion or interference in their personal life.

Deontology Approach

An ethical theory that emphasizes duty, rules, and obligations when making moral decisions.

Electronic Surveillance

The use of electronic devices to monitor and record the activities of individuals or groups, often used for security purposes.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief, behavior, or chain of reasoning.