By what "standard of value" should a business be appraised? That may sound like a peculiar question at first blush, but it is one that has a significant meaning when one is determining the value of a private business interest. According to the International Glossary of Business Valuation Terms, "standard of value" refers to the identification of the type of value utilized in a specific engagement. Most often, people who are unfamiliar with the nuances of valuation recognize t