Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 4, Problem 1CTC
Is the not-for-profit form of business organization appropriate for the Green Bay Packers? Why or why not?
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Chapter 4 Solutions
Introduction to Business
Ch. 4.1 - What is a sole proprietorship?Ch. 4.1 - Why is this a popular form of business...Ch. 4.1 - What are the drawbacks to being a sole proprietor?Ch. 4.2 - How does a partnership differ from a sole...Ch. 4.2 - Describe the four main types of partnerships, and...Ch. 4.2 - What are the main advantages and disadvantages of...Ch. 4.3 - What is a corporation? Describe how corporations...Ch. 4.3 - Summarize the advantages and disadvantages of...Ch. 4.3 - Why do S corporations and limited liability...Ch. 4.4 - Describe the two types of cooperatives and the...
Ch. 4.4 - What are the benefits of joint ventures?Ch. 4.5 - Describe franchising and the main parties to the...Ch. 4.5 - Summarize the major advantages and disadvantages...Ch. 4.5 - Why has franchising proved so popular?Ch. 4.6 - Differentiate between a merger and an acquisition.Ch. 4.6 - What are the most common motives for corporate...Ch. 4.6 - Describe the different types of corporate mergers.Ch. 4.7 - What are some of the demographic trends currently...Ch. 4.7 - As a prospective business owner, what could you do...Ch. 4.7 - What other economic trends are influencing today's...Ch. 4 - After seeing a Quiznos franchise recruitment...Ch. 4 - Is the not-for-profit form of business...Ch. 4 - Why has this form of ownership not been replicated...Ch. 4 - What are the limitations and constraints that this...
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Similar questions
- Enumerate the basic thinking of classical organization theory. A. How does Adam Smith’s conception of division and separation of labor relations to the classical model of organization theory? Explain how Frederick Taylor’s “scientific management” fits into this model. Explain the two most significant contributions that Herbert Simon made to organization theory. Explain how the condition “satisficing” comes about in public policymaking. Explain “satisficing” in the context of your own work experience. B. What did the term “bureaucracy” originally mean? What does the word “bureaucracy” generally signify to the public today? Give an example of a public agency that was highly bureaucratic in nature but is in the process of visible change to a more competitive, innovative, and adaptable model.arrow_forward3. (a) What are the roles and responsibilities of an effective and active Board of Directors? (b) Briefly discuss the agency theory and stewardship theory.arrow_forwardWhat are the leadership strategies and organizational structure for strengths and weaknesses in managing boards, volunteers, and staff in a nonprofit organization?arrow_forward
- How do entrepreneurs and startup founders apply organizing principles to build and scale their businesses, and what are the key challenges they face in the process?arrow_forwardWhat is a business organization? What is the difference between profit and non-profit organization? Which is easier to manage in your own opinion? Explain your answer.arrow_forwardWhat are some of the advantages of conducting business with integrity?arrow_forward
- Story: Larry wanted Michael to take over the firm so that Larry could focus on his favorite part of the business, which was redesigning the car and inventing new products. Michael agreed to help his father, and had visions of making the company a self-managed organization where workers had as much control as possible. Michael knew that he and his father had different visions for how Westward should be managed. Larry was an entrepreneur who liked to invent things, but he did not like paperwork. He was always tinkering with the car, improving it because he enjoyed responding to customer feedback. For him, the best way to grow Westward was by improving the design of its product. It was his company, his car, and he called the shots. There were few written policies, and a very limited paper trail. Inventory and parts were especially problematic, and often the assembly line had to wait for a rush-order of missing parts. Westward’s employees were happy that the firm was going to be managed…arrow_forwardCompare and contrast cooperative and other forms of business organization. How does cooperative differ from other forms of business organization?arrow_forwardWith a classmate, research a professional sports team that hasthreatened to move if locals don’t approve subsidies to builda new stadium or arena. Do you think this is a savvy businessmove on the part of the team’s owners? Or, is it an unethicalmove because area businesses will lose revenues if the teamtakes its franchise elsewhere?arrow_forward
- You were hired as a consultant of a hypothetical company, and your task is to review the organizational structure of the company and offer recommendations for possible reorganization. How will you go about doing this project? Answer the question by discussing your reorganization objectives, tasks/activities to be performed as a consultant, and information to be gathered. What organizing principles will you keep in mind as you propose changes to the existing structure? Explain.arrow_forwardSiblings, Julie and Derek want to start their own clothing line. They have each invested $5,000. They have decided that Julie is better with money and will manage the business’s finances. Derek is the creative sibling and will be designing the apparel. what are the risks? what business entity would you form and why?arrow_forwardJones is starting a new business. The business will be to sell bakery supply products to bakeries and restaurants. He plans to buy the products from manufacturers and sell the products to retail bakeries and restaurants. His friend Thomas Harris may also work with him, but Thomas will not be investing any money in the new business. Discuss two forms of business organization that Joseph could use to organize the new business. Discuss the advantages of each method and identify the one method you would recommend that Joseph use and explain why you recommend that method.arrow_forward
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