Answer all 7 questions

1. Explain the concept of strategic alliance in global business. 2. What is the difference between a general partner and a limited partner? Give an example of a situation where one would want to be a limited partner. 3.Jane is about to launch an online business where she sells vintage clothing. She knows you are taking business law and asks you whether she should be a sole proprietor, a corporation or a limited liability company? How would you advise her? 4. Franchising has always been a key component of the American economy. List briefly the advantages and disadvantages of franchising. 5. What is demography or demographics? Identify two demographic trends in the US and describe how they will impact business. 6. US laws, in particular the Civil Rights Act of 1964, prohibits discrimination in hiring, firing, promotion, etc. on the basis of race, color, gender, national origin, etc. ARVON, a defense contractor, operates in the Middle East. A managerial position opens in its facility in Saudi Arabia. Karen Essex, an African American, is well qualified for the job, and seeks the promotion to that position. Executives of the company worry however that placing a woman in a managerial position in their Saudi Arabian office "might not be good for business". Should they hire someone else for the position? Why or why not? (This is an ethics question, not a legal question about interpretation of the Civil Rights Act.) 7 Megan, Erin, and Ryan are in the middle of a heated discussion. The trio are the chief operating officers of the Frozen Fun Ice Cream Corporation and are reviewing the latest financial reports. Intense competition has resulted in decreased profits. Each of the three officers has his or her own view of how to help the company turn around. Megan suggests cutting costs by firing union workers and hiring replacement employees at lower wages. She has asked the firm's attorney to find a loophole in the contract that will allow for this action. Erin protests, stating that Megan's proposal is unethical and unfair. Erin believes that every stakeholder should be treated equally, and that profiting at the expense of others is reckless. Ryan, agreeing in part with Erin, states, "We must be sensitive to all affected parties, but clearly our primary goal is to make a profit for our investors." In an attempt to resolve the conflict between Megan and Erin, Ryan offers an alternative suggestion: reduce the firm's charitable contributions until acceptable profit levels rise. Erin is outraged and reminds Ryan of the social responsibilities that Frozen Fun Ice Cream has to the community, environment, suppliers, employees, and investors. What should they do in this situation