Answer the following:

1. If you were to start a business, which ownership form would you choose? What factors might affect your choice?

2. Why might an investor choose to become a partner in a limited partnership instead of purchasing the stock of an open corporation?

3. Discuss the following statement: Corporations are not really run by their owners.

4. What kinds of services do not-for-profit corporations provide? Would a career in a not-for-profit corporation appeal to you?

5. Is growth a good thing for all firms? How does management know when a firm is ready to grow?