Q1. (1)What are the four principles to design an efficient and effective origination? (2) What are the differences between line activities and staff activities? (3) Discuss the advantages and disadvantages of centralized versus decentralized decision making and under what kind of situation to choose each of them. Detailed information and discussion is necessary. (1.5 point) Q2. What are the advantages and disadvantages of Sole Proprietorship? Detailed information and discussion is necessary. (0.5 point) Q3. Based on the definition, compare three types of Partnership (General Partnership, Limited Liability Partnership and Registered Limited Liability Partnership) and find their major differences. Detailed information and discussion is necessary. (0.5 point) Q4. Explain the 8 factors to consider when evaluating various legal structures. You are required to compare 3 legal structures for each factor. Detailed information and discussion is necessary. (1.5 points) (Hint: Please see the additional class notes of Chapter 10 on the student portal) Q5. What is the incremental analysis? Use the incremental analysis to find the Economics efficiency in the following production table. (1 points) Detailed information and discussion is necessary. (Hint: Please see the additional class notes of incremental analysis of chapter 11 on the student portal) Output (Q) Net Marginal Revenue Amount of Total cost Marginal Labor Revenue of Laborcost of Labor 20 50 84 110 1000 2500 4200 5500 6050 6350 6150 1000 1500 1700 560 510 300 -200 600 1100 1550 2030 2560 3160 3960 600 500 450 480 530 600 800 3 4 126 122