Questions from Business Foundation


Q: Define corporation, and explain the four advantages and six disadvantages of

Define corporation, and explain the four advantages and six disadvantages of this ownership model. (1) Why is the LLC structure recommended for most small companies that aren’t sole proprietorships? (...

See Answer

Q: Explain the concept of corporate governance, and identify the three groups

Explain the concept of corporate governance, and identify the three groups responsible for ensuring good governance. (1) Why are some shareholder activists pressuring corporations to increase the numb...

See Answer

Q: Identify the potential advantages of pursuing mergers and acquisitions as a growth

Identify the potential advantages of pursuing mergers and acquisitions as a growth strategy, along with the potential difficulties and risks. (1) If you were on the board of directors at a company and...

See Answer

Q: Explain why nations trade, and describe how international trade is measured

Explain why nations trade, and describe how international trade is measured. (1) Would it be wise for an advertising agency to open offices in Europe and Asia to service a single multinational client?...

See Answer

Q: Define strategic alliances and joint ventures, and explain why companies would

Define strategic alliances and joint ventures, and explain why companies would choose these options over a merger or acquisition. Why are an increasing number of companies now considering joint ventur...

See Answer

Q: Highlight the contributions small businesses make to the U.S.

Highlight the contributions small businesses make to the U.S. economy. (1) Why do you think many companies grow more risk-averse as they grow larger? (2) If they wanted to, could large businesses take...

See Answer

Q: List the most common reasons people start their own companies, and

List the most common reasons people start their own companies, and identify the common traits of successful entrepreneurs. (1) Would someone who excels at independent entrepreneurship automatically ex...

See Answer

Q: Explain the importance of planning a new business, and outline the

Explain the importance of planning a new business, and outline the key elements in a business plan. (1) Why is it important to identify critical risks and problems in a business plan? (2) Many experts...

See Answer

Q: Identify the major causes of business failures, and identify sources of

Identify the major causes of business failures, and identify sources of advice and support for struggling business owners. (1) Why would a state or local government invest taxpayer dollars in a busine...

See Answer

Q: Discuss the principal sources of small-business private financing.

Discuss the principal sources of small-business private financing. (1) Would a profitable small business with only moderate growth potential be a good candidate for venture capitalist funding? Why or...

See Answer