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  3. Study Set
    Essentials of Entrepreneurship
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    Exam 7: Buying an Existing Business
  5. Question
    Earn-Out Is When the Seller Agrees to Accept a Percentage
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Earn-Out Is When the Seller Agrees to Accept a Percentage

Question 78

Question 78

True/False

Earn-out is when the seller agrees to accept a percentage of the sales price and stays on to manage the business for a few more years under the new owner.

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