Motivated by His Desire to Operate His Own Business, Nick

question 141

Multiple Choice

Motivated by his desire to operate his own business, Nick considers purchasing an existing business. As he carefully weighs this option, he is likely to find that:

• A) very few owners of small businesses have any interest in selling.
• B) his potential for success would greatly improve if he started his own new firm.
• C) the value of an existing business is determined by what the business owns, what it earns, and what makes it unique.
• D) any entrepreneur willing to sell his/her business is experiencing serious financial problems.

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Definitions:

Team Development

The process by which a group of individuals with a common purpose evolve into an organized, cohesive unit, typically involving stages of forming, storming, norming, performing, and adjourning.

Corporate Investment Team

A group within a company that is responsible for making strategic investment decisions to support the firm's growth and financial objectives.

New Recruits

Individuals who have recently joined an organization, company, or military service, often in a learning or beginner capacity.

Team-Focused Culture

An organizational environment that prioritizes and encourages collaboration, teamwork, and collective achievement.