Q1. What are the advantages and disadvantages of extending credit to customers? Q2. Why are large corporations often said to be publicly owned? Q3. Compare and contrast the merchandising activities of a wholesaler and retailer. Q4. Explain the common forms of business ownership Q5. How treasury stock is similar to and different from a company's other investments 1. Are all effective organizations also efficient? Discuss. If you had to choose between being effective or being efficient, which one would you say is more important? Why? 2. Organizations that fail to plan are planning to fail. Do you agree or disagree with this statement? Explain your position? Under what circumstances do you believe MBO/goal setting would be most useful? Discuss. 3. All managers should be leaders, but not all leaders should be managers. Do you agree or disagree with that statement? Support your position