Question

Lamar is researching a business opportunity and has asked his acquisition team to help him review and verify all of the information about the business. This process of research and verification is called

:

trust and verify.

due diligence.

truth and consequences.

due assessment.

Answer 1

due diligence - reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something.

Answer 2

due diligence

Step-by-step explanation:

In business, due diligence refers to investigate, review or verify information regarding a potential business activity or investment. Before entering a business contract, both parties are expected (but not obligated) to perform due diligence to make sure that all legal requirements are met.