18. The worth of worth of tangible assets is determined using which of the following methods? Balance sheet method of business valuation b. Asset method of business valuation c. Income statement method of valuation d. Cash-flow method of valuation Indicate whether the statement is true or false. 19. Turning a hobby into a business is a viable route to self-employment. a. True b. False Indicate the answer choice that best completes the statement or answer the question 20. Many people start businesses while keeping their recular iche Before doing this, they should check on the company's policy and avoid doing anything that might resemble a conflict of interest a. Sidelines b. Moonlighting c. Extra jobs d. Sidelighting Scenario 7-1. Kelli is starting her new business in the mall in the coming weeks. She has finished her business plan and is now looking at planning her startup. Her business consists of a clothing store for young women who purchase medium- quality fashionable school and work clothes. She sees customer service as her strong point because she is currently in the same age group and is very clothes conscious herself. Her competitors, also located in the mall, are all older women who cater to older women who purchase fashion-conscious clothes. Kelli has no business experience, yet is willing to invest her entire inheritance in her new business venture. She is single, 21, and has no current debts. She has an opportunity to rent a space in the local mall if she signs the agreement next week. Kelli is excited about being able to pick the clothes on her racks herself and then sell those clothes to young women who would look fashionable in them. 21. In Scenario 7.1 above, Kelli's competitive advantage would be which of the following? a. Lower prices b. Her location c. Her customer service d. The fashionable clothes in her inventory