The Most Common Reasons Owners of Small- and Medium-Sized Businesses

question 9

Multiple Choice

The most common reasons owners of small- and medium-sized businesses give for selling their businesses are ________.

• A) need for money and low return on investment
• B) boredom and burnout
• C) low return on investment and burnout
• D) greater opportunities working for someone else and low return on investment

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Definitions:

Director's Right

Legal entitlements and authorities granted to a director of a company, including decision-making powers and duties towards the company and its stakeholders.

Corporate Office

The central or main office of a corporation where key administrative and executive activities are conducted.

Board Of Directors

A group of individuals elected by the shareholders of a corporation to oversee the management and make major decisions regarding the corporation's affairs.

Officers

Individuals appointed or elected to manage and direct the affairs of an organization or governmental body, often with specific duties and responsibilities.