Question 4
One of the most important tools for conducting a business valuation thoroughly and on a timely basis is a proper schedule. Most first-time, or in frequent, business valuation clients (and their attorneys) tend to underestimate the amount of lead time necessary for the appraiser to prepare a through and professional opinion.
Scheduling problems often arise because:
The client delays in committing to the project hoping that the valuation problem will go away.
A major change in some aspect of assignment midway through the project
The client is not having awareness regarding valuation standards and selection criteria
Of some external pressures on the client
Correct answer: AB