Entrepreneurs should try to be as objective as possible in determining the fair market value for their enterprise.

Question

Quizplus · Accepted Answer

It is important for entrepreneurs to determine the fair market value of their enterprise objectively. This helps in understanding the true worth of the business and may be required for various purposes such as investment, sale, or partnership negotiations. Failing to determine the fair market value objectively may result in missed opportunities or undervaluing/overvaluing the enterprise.

Entrepreneurs Should Try to Be as Objective as Possible in Determining