In buying an existing business, the questions that would be appropiate for the prospective buyer to ask are the following:
- E. All of the above are appropriate questions to ask.
I was able to find the <u>complete exercise </u>online and the exercise had five options to choose from. These are the options:
- A. Is the business operating at a profit?
- B. Why are you selling?
- C. Are there any problems with the business?
- D. Will the customers stay with the business?
- E. All of the above are appropriate questions to ask.
The correct option was "E" because all the questions are not only appropiate but necessary to ask.
When buying an existing business, you need to know everything about the business and the reason why the owner is selling because it may make you change your opinion or help you make future decisions.
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Answer: The farmer chooses errands on a rainy day, because a sunny day would be for planting and tending the land. The farmer could go and run errands on a sunny day, but his crops would not be tended for the day.
The business man would choose to work on a rainy day, because his new suit can't get wet. He is choosing to stay inside and protect his new suit, and giving up the opportunity to run errands.
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Supply Side Economics.
Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation,