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PHA 505 COMMUNITY PHARMACY OWNERSHIP: FINAL EXAM (FALL 2024 ONLINE ) SOLVED QUESTIONS SCORED A+
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PHA 505 COMMUNITY PHARMACY OWNERSHIP: FINAL EXAM (FALL 2024 ONLINE ) SOLVED QUESTIONS SCORED A+
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PHA 505 COMMUNITYPHARMACY
OWNERSHIP: FINAL
EXAM (FALL 2024
ONLINE ) SOLVED
QUESTIONS SCORED
Evatee 10/27/24 PHA 505
,PHA 505 COMMUNITY PHARMACY
OWNERSHIP: FINAL EXAM (FALL 2024
ONLINE ) SOLVED QUESTIONS SCORED A+
Which of the following is true regarding the Letter of Intent (LOI).
a. It provides the buyer with sufficient documentation to approach lenders
b. It is binding.
c. It is usually drafted and signed by the seller.
d. It should state that termination by either party will result in liability. Answer
- a. It provides the buyer with sufficient documentation to approach lenders
(T/F?) A signed Letter Of Intent halts the process of due diligence. Answer -
False
(T/F?) Due diligence by the buyer should last 2 days. Answer - False
Correction: It should last anywhere between 4-14 days
Due Diligence:
, (T/F?) During this time the buyer should have access to the seller's financial
and other pertinent records. Answer - True
Due Diligence:
(T/F?) The seller investigates the buyer; however the buyer is not permitted to
investigate the seller. Answer - False
A Non-Disclosure Agreement (NDA) is a contract in which the buyer and seller
promise to... Answer - protect the confidentiality of secret information that is
disclosed during the transaction.
Indemnification Clause Answer - An element of the Asset Purchase Agreement
that confirms the right to offset the purchase price in the amount of any
undisclosed liabilities.
Which of the following is true regarding employment agreements?
A. In spite of signing an employment contract, the seller will receive only
his/her salary, but no insurance of perks.
B. The employment is at will, i.e., can be terminated by either party without
notice.
C. Employment contracts are least successful when used in family run
businesses.
D. Consulting contracts are best when buyer and seller are related. Answer - B.
The employment is at will, i.e., can be terminated by either party without
notice.
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