Baby boomers - Marvel EDU

Loading question...

You are in free guest mode. Timed Practice Revision List Attempt History Progress Tracking Create a free account to unlock these tools

Prev Next

Practice Listening: Multiple Choice, Single Answer ID: #36763 Short Baby boomers

Instructions ›

Listen to the recording and answer the multiple-choice question by selecting the correct response. Only one response is correct.

Transcript:

Baby boomers looking to sell their business can benefit from a skilled transition advisor to guide and direct the process. Advisors can help business owners decide on a realistic price and determine a sale structure that works for both buyers and sellers. As in the case of a real estate agent negotiating a home sale, a business advisor will find the right buyer for a business and will work with the buyer and seller until the transaction is complete. Tips for business owners to help ensure a smooth sale include.

How Baby boomers can successfully sell their business?

* Listen to the recording and select the correct answer

They can take advice from their board of directors and implement the sales strategy. They can take suggestions from their business advisor and negotiate the price. They start by finding the right buyer for their business. They can appoint the skilled training advisors and plan accordingly.

Result:

AI explanationShows the answer. Tap to open.

Option 4: "They can appoint the skilled training advisors and plan accordingly."

Explanation: This option is correct as it aligns with the text's emphasis on the importance of skilled transition advisors in guiding baby boomers through the selling process. The text highlights that advisors help in determining a realistic price and structuring the sale, which supports the idea of appointing advisors and planning for a successful sale.

Option 1: "They can take advice from their board of directors and implement the sales strategy."

Explanation: This option is incorrect because the text does not mention the board of directors as a source of advice for baby boomers selling their business. The focus is on skilled transition advisors, not board members. Therefore, this option introduces information that is not present in the text.

Option 2: "They can take suggestions from their business advisor and negotiate the price."

Explanation: While the text does mention that advisors help business owners decide on a realistic price, it does not specifically state that baby boomers should negotiate the price themselves. This option implies a level of direct negotiation that is not explicitly supported by the text, making it an incomplete representation of the process.

Option 3: "They start by finding the right buyer for their business."

Explanation: This option is incorrect because the text emphasizes that it is the business advisor who finds the right buyer, not the baby boomers themselves. This misrepresentation of the roles involved in the selling process leads to a misunderstanding of the text's main idea.

The rest of this explanation is for members. Sign in free to read why the other options are wrong, key words and tips.

With a free account: Retry and compare every attempt.

Be the first! No community answers here yet. Submit yours and help others learn.

Saving...