When Buying an Existing Business,one Should Remember That

question 43

Multiple Choice

When buying an existing business,one should remember that:

• A)it is generally not important to independently evaluate the inventory.
• B)you are always buying goodwill with the tangible assets of the business.
• C)it is as easy to make change in an existing business as it is in a start-up.
• D)the real reason for selling is seldom stated honestly.

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Definitions:

Interactional Competency

The ability to effectively communicate and interact with others, recognizing and adapting to social cues and norms.

Administrative Policies

Administrative policies are the rules, guidelines, and procedures established by organizations or government bodies to regulate operations, manage conduct, and guide decision-making processes.

Policy Practitioner

A professional involved in the development, advocacy, implementation, and evaluation of public policies and programs.

Legislative-advocacy Style

A method of advocacy focused on influencing legislative bodies through lobbying, campaigning, or direct engagement with legislators.