1. What are some of the advantages of conducting business with integrity? Some people say they have no responsibility beyond maximizing the value of the firm in financial terms - can this position be defended? If so, how? 2. Should all firms use biodegradable packaging? Would your answer be the same if you knew that using such packaging added 15 percent to the company's cost of producing the product?

3. What makes franchising different from other forms of business? Be specific.

4. What are some common reasons that owners offer their businesses for sale? Which of these reasons might a buyer consider to be

5. With a college-level business degree in hand, you are headed for a job in the family business. As a result of your education, you have become aware of some outdated business practices in the family firm. In spite of them, the business is showing a good return on investment. Should you "rock the boat"? How should you proceed in correcting what you see as obsolete approaches?