Multiple Choice
When negotiating the deal,the most important thing to remember is:
A) terms are more important than the price paid.
B) to negotiate the lowest possible price.
C) often the difference in available funds can be made up by collecting accounts payable.
D) the owner of the business always asks 14-22% more than he/she is willing to take.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: If a banker requires the current loan
Q11: To be enforceable,a covenant not to compete
Q12: Before purchasing an existing business,an entrepreneur should
Q13: Accounts receivable in an existing business:<br>A)are rarely
Q14: One reason why an owner is selling
Q16: One of the disadvantages of buying an
Q17: In a business sale,the seller is looking
Q18: If the firm owns any trademarks,patents,or copyrights,or
Q19: The _ is the area within which
Q20: Describe the earnings approach for valuing a