Owing to the precision of the formulas that guide practice, many think of business valuation as an exact science.

Question

Quizplus · Accepted Answer

While there are formulas and methods used in business valuation, it is not an exact science as it involves making assumptions and projections about future events and market conditions. There is also a subjective element to valuation, as different buyers and sellers may have different opinions on the value of a business.

Owing to the Precision of the Formulas That Guide Practice