1)You are thinking of buying a car. Analyze the decision by addressing the following issues:

a)Are there other ways to satisfy your transportation requirements besides buying a car? Make a list of all the alternatives and write down the pros and cons.

b)What are the different ways you can finance the purchase of a car?

c)Obtain information from at least three different providers of automobile financing on the terms they offer.

d)What criteria should you use in making your decision?

2)You are thinking of starting your own business, but have no money.

a)Think of a business that you could start without having to borrow any money.

b)Now think of a business that you would want to start if you could borrow any amount of money at the going market interest rate.

c)What are the risks you would face in this business?

d)Where can you get financing for your new business?