Exam 13: Exit Strategies For Entrepreneurs: The Concluding Act

Representatives for Morgan Enterprises met with managers from Ride Park,Inc.to discuss Ride Park's purchase of equipment. The two sides began exchanging offers,counteroffers,and concessions in order to obtain an agreement over the size and price of the next purchase order. These two companies are experiencing which business process?

Positive Affect is very successful when negotiating. Which of the following is not a component of creating a positive affect on your opponent?

One way to value a business includes comparing its price/earnings ratio to the price/earnings ratios of similar publicly traded companies in the same industry. This method is known as

A business is valued by estimating the present value of the company's estimated earnings over a specified time. This method of valuing a business is known as

Which of the following is not an important step when calculating earnings using the excess earnings method?

Amie Cosmetology decided to sell its company to outsiders. In order to get a good bid,executives put together a marketing document that is designed to attract interest in their business. This document is known as a

When an entrepreneur sells shares of stock in the company for the first time,it is known as an initial public offering.

The belief that an entrepreneur has concerning whether or not there are comparable career opportunities outside the company should she leave it is known as imperative commitment.

A win-win approach to negotiations is never possible because everyone has to give a little a receive.

Chapter 7 bankruptcy is used when a company must liquidate.

Assets minus liabilities (as stated on the balance sheet)is equal to

Discuss the steps that an entrepreneur should take to make the company attractive to potential buyers.

A procedure through which the founder transfers ownership of her business to other people is referred to as

Entrepreneurs can continue working productively for many decades because everyone's cycle is different. In fact,some individuals become more intelligent and creative as they age.

Logrolling refers to both parties maximizing joint benefits due to exploring all options possible.

Which of the following balance sheet methods takes the actual market value of assets into account?

Money received today is worth more than money that will be received in the future. This principle is known as

Why do entrepreneurs typically use the exit strategy of handing down the business to a family member?

Which of the following is associated most directly with the time value of money?

When Nike bought out Converse Shoes,it was an example of a transfer of ownership to