Tuesday HW
1. p. 63, Sole Proprietorship, What are the advantages of sole proprietorships?
2. Why is unlimited liability a disadvantage of a proprietorship?
3. Why might a business not want to have a large inventory of parts and supplies on hand (p. 64)?
Wednesday HW
1. Reading Check, Describing, What are the major disadvantages of a sole proprietorship (p. 64)?
2. List four personal characteristics that you think are most important in forming a successful small business partnership. Why do you think each characteristic is important?
3. Write a paragraph that responds to the following questions: Who would you be interested in starting a business partnership with, and what kind of business would you start? What skills would you each bring to the business? How would you handle the disadvantages of partnerships (answers listed in the textbook)?
Thursday HW
1. Partnerships, How are partnerships founded ( p. 65)?
2. What disadvantage of general partnerships does the cartoon illustrate (p. 66)?
3. Liability, How do general partnerships and limited partnerships differ (p. 66)?
Friday HW
1. In a paragraph: What problems might occur if you were assigned to do a graded team project with one other student? Would there be more or fewer problems if more students were assigned to each team? Explain.
G. Mick Smith, PhD, Senior Educational Technology Executive: https://www.linkedin.com/in/gmicksmith/
