The First Step an Entrepreneur Should Take When Buying an Existing

question 63

Multiple Choice

The first step an entrepreneur should take when buying an existing business is to ________.

• A)explore financing options
• B)prepare a list of potential candidates
• C)analyze his or her skills, abilities, and interests in an honest self-audit
• D)contact existing business owners in the area and ask if their companies are for sale

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Definitions:

Double Standard

The application of different sets of principles for similar situations, or to different people, in a way that is unfair or unjust.

White Male Tokens

Individuals representing the majority demographic (white males) who might be showcased in diversity efforts but actually reinforce prevailing norms and structures.

Social Isolation

A state in which an individual experiences a lack of meaningful social connections or interactions with others, often leading to feelings of loneliness.

Performance Pressure

The stress or anxiety felt by individuals to perform well or meet certain standards, often in professional, academic, or athletic contexts.