4. Corporate social responsibility (CSR) has put many companies in the spotlight, for both good and bad reasons. Some would argue that a businesss only responsibility is to increase shareholder wealth or that the business of business is business. List three advantages and disadvantages of a company devoting valuable resources to CSR, being as specific as possible in your response and giving examples, where possible.

5. Friends and neighbors have asked you to walk their dogs for year because they know how much you love dogs and you are extremely reliable. You have made the decision to turn this hobby into a legitimate business. A friend has expressed an interest in being involved in the formation of the business, but you dont have any kind of formal agreement, and you dont know whether you want her as a business partner or not. You start looking for information about starting a business and realize that you need to choose a form of business ownership. Identify three options for business ownership, and explain the advantages and disadvantages associated with each type.