Problem 1: Imagine you are considering starting your own business. Answer all of the following questions:
A. What kinds of products or services will you offer?
B. What talents or skills do you need to run the business?
C. Do you have all the skills and resources to start the business, or will you need to find one or more partners? If so, what skills would your partners need to have?
D. What form of business ownership would you choose - sole proprietorship, partnership, C corporation, S corporation, or LLC? Why?
Problem 2: Many believe that given the increasing complexity and dynamism of the modern business world, all organizations will have to adopt some type of a matrix structure. Do you agree or disagree with that argument? Why or why not?