One Way to Get into Business Is to Buy an Existing

question 60

Multiple Choice

One way to get into business is to buy an existing company. The value of the business used to determine a fair purchase price is based on

• A) the prospects for business competition.
• B) the current owner's retirement plan.
• C) the amount of government contracts the company has.
• D) the value of what the business owns, what it earns, and what makes it unique.

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Definitions:

Titles of Authority

Formal designations or names granted to individuals who hold specific positions of power or responsibility within an organization, society, or government.

Financial Support

Monetary assistance provided to help an individual, organization, or cause.

Mediterranean Sea

A body of water connected to the Atlantic Ocean, surrounded by Europe, Africa, and Asia, important for trade and cultural exchange throughout history.