To Ensure a Smooth Transition When Buying an Existing Business

question 32

Multiple Choice

To ensure a smooth transition when buying an existing business, a buyer should ________.

• A) communicate with employees to reduce their uncertainty and anxiety
• B) be honest with existing employees about upcoming changes and plans for the company's future
• C) consider asking the seller to stay on and serve as a consultant until the transition is complete
• D) All of the above

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Definitions:

Con Artist

An individual skilled at deceiving others for personal gain, often through misrepresentation and trickery.

Antisocial Personality Disorder

A psychological disorder characterized by a persistent disregard for moral standards and the rights and emotions of others.

Narcissistic Personality Disorder

A psychiatric condition marked by an inflated sense of self-importance, deep need for excessive attention and admiration, troubled relationships, and a lack of empathy for others.

Obsessive-Compulsive Personality Disorder

A mental health condition characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control at the expense of flexibility and efficiency.