What is the role of business brokers in acquiring an established entrepreneurial venture?
What will be an ideal response?
ANSWER: Business brokers are professionals who specialize in business opportunities. Often, they can provide leads and assistance in finding a venture for sale. However, the buyer should evaluate the broker's reputation, services, and contacts. The buyer should also recognize that the broker usually represents the seller and gets a commission on the sale of the business.
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Which of the following is true of a land contract?
A. The trustee holds legal title to the property put up as security. B. The buyer agrees to pay the purchase price over a period of time. C. If a buyer defaults, the seller does not have the right to declare forfeiture. D. The lender holds legal title to the property put up as security.
Common parts of an executive summary include:
a. who asked for the report b. the bottom line of the report c. both of the above d. none of the above
Peter plans to sell his two houses, numbered Lot 1 and Lot 2, at $800,000 each. David, who was interested in buying Lot 2, could not make up his mind on the final offer and asks Peter to give him a week to decide
Peter accepts, but David takes two weeks to decide the counteroffer. Before he could give David a reply to his counteroffer, Peter is killed in a fire that burned down Lot 1. Which of the following would be true in this case? A) The offer is terminated due to lapse of time. B) The offer is terminated due to destruction of the subject matter. C) The offer is terminated due to death of the offeror. D) David can still buy the house for Peter's original offer.
How did the development of limited liability legislation and the joint stock company produce problems of management and how were they resolved in the period 1870 – 1920?
What will be an ideal response?