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business
foundations of business

Questions and Answers of Foundations of Business

Give examples of how small businesses fill needs of society and other businesses.
a. Take a minute to explore these sites and view some of the projects up for funding. How are these projects organized? Do you think these models are effective? Why or why not?b. Both
Imagine you’re an angel investor looking to invest in young companies. What questions would you ask the management team at Project Repat before making a final decision about investing in it?
One of the co-founders of Project Repat is no longer with the company, although he retains a small ownership stake. What complications might this change have caused if Project Re-pat was set up as a
Considering the tax benefits, why would investors not want Project Repat to be an S corporation?
As an entrepreneur, you’ll face lots of tough and sometimes ethical decisions In the situation described below, what do you think is the right thing to do. A potential customer wants to visit your
Why might an investor choose to become a partner in a limited partnership instead of purchasing the stock of an open corporation?
Describe the current merger trends and how they affect the businesses involved and their stockholders.
What happens when a firm makes a decision to grow from within?
In your own words, define a joint venture and a syndicate.
How does a regular (C) corporation differ from a not-for-profit corporation?
Explain the difference between an S corporation and a limited-liability company.
How is a domestic corporation different from a foreign corporation and an alien corporation?
Explain the difference between an open corporation and a closed corporation.
What are the advantages of a partnership?
Describe the issues that should be included in a partnership agreement.
Explain the difference between a general partner and a limited partner.
How does a sole proprietorship differ from a partnership?
1. View at least three different YouTube videos about Nike’s sustainability efforts.2. Based on the information in the videos you watched, do you believe that Nike is a good corporate
Why would the sale of counterfeit products through its sites be damaging to Alibaba?
What are some of the barriers Alibaba is facing as it expands globally?
What is the International Monetary Fund? What types of loans does the IMF provide?
What is a multilateral development bank (MDB)? Who supports these banks?
What is the Export-Import Bank of the United States? How does it assist U.S. exporters?
What is the North American Free Trade Agreement (NAFTA)? What is its importance for the United States, Canada, and Mexico?
What is the importance of exports to the U.S. economy?
According to the IMF, what are the economic growth projections for 2017 and 2018?
What are the steps in entering international markets?
What is a letter of credit? A bill of lading? A draft?
What is the difference between balance of trade and balance of payments?
1. Do you think this was an effective strategy for Pepsi? Do you think this resonated with the Millennial generation?2. Do you think this is a good example of corporate social responsibility
What advantages does Theo Chocolate have by sourcing cocoa from the Congo, even though the chocolates ends up costing consumers more?
How has Theo Chocolate incorporated its model of philanthropy and social responsibility into a successful business concept?
What is the social audit? Who should prepare a social audit for the firm?
What steps must a business take to implement a program of social responsibility?
What is businesses’ response to environmental concerns?
Summarize major provisions of federal environmental laws enacted since 1970.
What are the major environmental issues facing society today?
How can businesses reduce sexual harassment and abusive behavior at the workplace?
Why did Congress create (and later strengthen) the Equal Employment Opportunity Commission?
What is an affirmative action program? What is its purpose?
What are some of the issues businesses must consider with regard to public health?
What are some of the federal laws enacted in the last 50 years to protect your rights as a consumer?
What are the major forces in consumerism today?
Describe the six basic rights of consumers.
What are the arguments against increased social responsibility?
What are the arguments for increased social responsibility?
Explain the two views on the social responsibility of business.
What are the six important business-related federal laws passed between 1887 and 1914?
Outline the historical evolution of business social responsibility.
What is social responsibility? How can business be socially responsible?
What is whistle-blowing? Who protects the whistle-blowers?
What is trade associations’ role in encouraging ethics?
How can the government encourage the ethical behavior of organizations?
How does opportunity influence the level of ethical behavior in the workplace?
Explain several social factors that affect ethics in an organization.
Describe several individual factors that influence the level of ethical behavior in an organization.
Explain and give an example of how advertising can present ethical questions.
What are the different types of ethical concerns that may arise in the business world?
What is meant by business ethics?
Imagine you wear eyeglasses and have just broken your last pair of glasses. Would you purchase glasses from Warby Parker’s online store or go to a traditional retailer? Ex-plain your answer.
Given that Warby Parker’s original idea was to sell online to minimize distribution costs and keep prices low, they now have opened over 50 stores in 22 U.S. states. Do you agree with its more
In this chapter, business was defined as the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society’s needs. In what ways is Warby Parker

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