What Type of Expert Will Usually Be Required by Management

question 9

Multiple Choice

What type of expert will usually be required by management and the auditors to evaluate the purchase price of a target entity?

• A)Actuary
• B)Valuation
• C)Registrar
• D)Underwriter

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Definitions:

Intended Beneficiary

A person for whom a contract is specifically made, who has the right to enforce the terms of the contract, even though they are not a party to it.

Promisee

An individual or entity to whom a promise or commitment is made.

Delegate Duty

The act of assigning one's responsibilities or tasks to another person, typically to someone subordinate.

Accountant

An accountant is a professional who performs financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.