Identify and discuss at least four of the seven nonquantitative factors in valuing a business.
What will be an ideal response?
Market Is the market large enough to support this business and existing competition?Competition Who are the competitors? How intense is the rivalry? Is this business gaining or losing market share?Future community developments Changes in streets or roads, zoning, and traffic flow can have an impact on the business.Legal commitments Are there any unsettled lawsuits, delinquent taxes, missed payrolls, late payments for taxes withheld, past due payments for rent or loans, or is there a mortgage on the property?Union contracts Is there a union contract in place? Are the employees considering forming a union? What is the level of their job satisfaction?Buildings What is the physical condition of the structures? Are there fire hazards? Are there restrictions on access to the buildings?Product prices How do the prices charged by this business compare with competing products?
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Answer the following statement(s) true (T) or false (F)
1. Stress that is constant, chronic, and severe can lead to burnout over a period of time. 2. Laughter releases stress-increasing endorphins. 3. Stress can lead to overeating or compulsive dieting. 4. HRM should not be part of the management team that determines the goals of the emergency response plan. 5. Properly implemented preventative programs—including drug and alcohol testing—protect the business from liability.
An annual shareholders' meeting is held to elect new shareholders
Indicate whether the statement is true or false
Zahara is an anomaly. She comes to work every day with a smile, meets every deadline, and participates at leadership meetings even though her boss never gives her positive feedback. She must have self-motivation because she has
A. the ability to manage the emotions of other people. B. the ability to sense and read emotions in others. C. the ability to keep disruptive emotions in check. D. the ability to persevere. E. the knowledge of one's strengths and weaknesses.
The situation in which managers have different (better) information about their firm's prospects than outside investors is known as _____ information.
A. symmetric B. contingent C. asymmetric D. favorable E. unfavorable