Asked by Rebecca Custer on Apr 25, 2024
Verified
You are considering buying a store.The storeowner gives you an estimate of the net profits of the store on a typical day.The owner has most likely given you the figures for
A) The best case scenario
B) The worst case scenario
C) Any typical day
D) Any typical year
Typical Day
A representation of an average or standard day in a specific context, such as a work environment or routine lifestyle.
Net Profits
The amount of income that remains after all operating expenses, taxes, and costs are subtracted from total revenue.
Best Case Scenario
The most favorable or desirable outcome possible in a situation, often used in planning or forecasting.
- Exercise prudence in assessing reported figures of sales and profits, acknowledging possible biases.
Verified Answer
VS
Vinay Sakhrani8 days ago
Final Answer :
A
Explanation :
The store owner is likely to present the best case scenario to make the store appear as profitable as possible to a potential buyer.
Learning Objectives
- Exercise prudence in assessing reported figures of sales and profits, acknowledging possible biases.