Small Business Discussion Board 13 & 14

13. Please read Chapter 22 – Managing the Firm’s Assets and complete the following discussion assignment.

There are many important actions that a manager or owner can take to responsibly manage a company’s assets identified in Chapter 22. 

Please identify five actions that you think are important for a manager or owner to take to manage a company’s assets.

Explain why you selected each of the five actions.

14. Please read Chapter 23 – Managing Risk and complete the following discussion assignment.

Using terms and concepts from the assigned reading define and discuss the concepts of “Business Risk,” “Market Risk,” and “Pure Risk” and the actions that a small business owner can take to reduce each of those risks.