BUS110 Questions

Monastersky Midterm Chapters 4, 5, 6 Due Wed. April 28 at 11am

Name____________________________________________

Chapter 4

4-1 Describe the advantages and disadvantages of the sole proprietorship form of organization.

4-2 Describe the corporate form of organization and its advantages and disadvantages.

4- 3Assess the advantages and disadvantages of mergers, acquisitions, and leveraged buyouts.

5-1 Define entrepreneurship and small business then explain the importance of entrepreneurs and small business in the U.S. economy and why certain fields attract small business.

5-2 Analyze the disadvantages of small-business ownership and the reasons why many small businesses fail.

5-3 Evaluate the demographic, technological, and economic trends that are affecting the future of small business.

6-1 Explain management’s role in the achievement of organizational objectives.

6-2 Specify the skills managers need in order to be successful. Give an example of each.

6-3. Describe the requirements for successful Leadership. What is the difference between management and Leadership?