When buying an existing business, one should remember that:
A) it is generally not important to independently evaluate the inventory.
B) you are always buying goodwill with the tangible assets of the business.
C) it is as easy to make change in an existing business as it is in a start-up.
D) the real reason for selling is seldom stated honestly.
Answer: D
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Lightning damages several valuable trees on the insured's property. This loss is
A) covered under the Loss of Use coverage of the homeowners policy. B) covered for up to 5% of the Coverage A limit in the HO-2, HO-3, HO-5, and HO-8 and up to 10% of the Coverage C limit in the HO-4 and HO-6, with a maximum of $500 per tree. C) covered by adding a valuable tree and shrub endorsement to a homeowners policy. D) covered for up to 10% of Coverage A on all homeowners forms with no more than $1,000 per tree.
European countries will definitely benefit by having an FTA with the United States. However there are some sticky points which need resolution. All of the following points need consideration except:
A) that the EU restricts the import of most genetically modified crops, which are common in the United States. B) further reduction of tariffs which now average between 2 and 3 percent. C) a variety of regulations that hamper cross-border investment and purchasing. D) the US government would like easing of restrictions for purchasing European goods. E) the name "Parmesan" applied to the "cows-milk" cheese.