Assignment
PART 1
Answer each question with a 100+ word answer.
1 - Why do sole proprietorships carry a higher level of risk than other forms of business?
2- How does the government regulate the market?
3 - What are your thoughts on regulation in the airline industry? Are things better or worse today that they were 35 years ago?
4 - What drives people to take the entrepreneurial challenge given the risk involved? What makes small businesses so important to the American economy?
5 - What decisions go into the structuring of an organization? How the organizational structure of a small business may differ from a larger business
PART 2
Assignment Steps
Use the current US based business you selected in Week 1. (AIRLINES)
Create a 1,400-word analysis discussing the following information:
1- Discuss the different forms of a business organization.
2- Explain the advantages and disadvantages of the different business organizations and how entrepreneurship impacts each of the organizations.
3- Explain what form of business organization your chosen business falls under.
4- If your chosen business is considered a small business, review the role your chosen business has in the American economy.
5- If your chosen business is not considered a small business, review the impact small businesses have on your business' strategy.
Cite at least two references.