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Sole proprietorship

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Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinsons assignment for Section 1 would be named Complementariness. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.

Review Lesson 4 of the Course Overview for instructions about turning in your assignments.

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Assignment Questions 1 . Choose a good that you are familiar with, such as a t-shirt, a tennis racket, a cupcake, a pair of sunglasses, or any other good. Be sure to choose something specific. Then, analyze its economic utility, using the questions below. A. Describe the good you chose to analyze. (1 sentence. 0. 5 points) b. Describe the form utility of this good. Is the form utility good or bad? Can you think of ways to improve it? (2-5 sentences.

1. 0 points) .

Describe the place utility of this good. Is the place utility good or bad? Can you d. Describe the time utility of this good. Is the time utility good or bad? Can you e. Describe the possession utility of this good. Is the possession utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1. 0 points) f. Describe the information utility of this good. Is the information utility good or 2. List at least one activity that a company might do during each of the following stages of business: a. Identify (0. 5 points) b. Plan (0. 5 points) .

Start (0. 5 points) d. Operate (0. 5 points) e. Improve (0. 5 points) f. Exit (0. 5 points) 3. Name a part or department of a business that you would be interested in working in. Explain why this part of the company interests you. (2-5 sentences. 1. 0 points) 4. Choose an example of a type of new company you could start, and then use this company idea to answer the questions below. TIP: You might choose to open a hair salon, a babysitting service, a record store, or many other things. A. Describe the type of company you chose. (1-2 sentences. 0. Mints) b. If you were starting a new company, describe at least three departments to the company that you would need right away. Why are these departments so important? (1-5 sentences. 1. 5 points) c. What type of organizational structure would you want to use for this company (by function, by process, by product, and so on)? Explain why you would prefer this structure. (2-4 sentences. 1. 0 points) d. How important would liability protection be for this type of company? Explain why it would or would not be important. (24 sentences. 2. 0 points) e.

Which business structure would make the most sense for this type of company (sole proprietorship, partnership, LLC, C corporation, S corporation, or nonprofit corporation)? Explain why this structure would be good for this type of company. Give at least 3 reasons. (3-6 sentences. 6. 0 points) f. Describe at least three factors of success that you would want to focus on for this company. (1-3 sentences.

Cite this Sole proprietorship

Sole proprietorship. (2018, May 07). Retrieved from https://graduateway.com/sole-proprietorship-essay-example/

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