1.Explain Porter's five basic forces of competition.

2.Gitman says that the goal of a firm is to maximize the wealth of its owners. What can financial managers do to achieve this end?

3.The Joint Management Improvement Program of the U.S. government's Chief Financial Council presents 18 core competencies for management analysts and financial specialists. Which three of the competencies do you think are most important for level one (entry level) people? Explain.