A Common Reason for Selling a Small Business Is

question 12

Multiple Choice

A common reason for selling a small business is

• A)to be able to spend more time on other areas of interest
• B)to start another small business
• C)to maximize the owner's return on their investment of time and capital
• D)to avoid having to repay some of the business's debt

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Definitions:

Cognitive Ability

The capacity of the brain to process information, learn from experiences, reason, and solve problems.

Liden's Servant Leadership

A leadership approach identified by Robert C. Liden that emphasizes the leader's role in serving the needs of followers, thus promoting their development and performance.

Dimensions Of Culture

The fundamental aspects that differentiate cultures from one another, including but not limited to power distance, individualism vs. collectivism, and uncertainty avoidance.

Transactional Leadership

A leadership style that focuses on the exchanges between leaders and followers, where compliance is rewarded and noncompliance may be punished.