Posted: April 18th, 2016

How does small business impact the U.S. economy??

1.Define entrepreneurship and include three (3) pros and three (3) cons that entrepreneurs face in today’s business environment. 2.Explain the difference between monetary and fiscal policy and explain how they are formulated and by whom. 3.Discuss the benefits of global trade and its impact on economic development. Give examples. 4. You are an office manager for Triple C Employment Services, a small business of 20 employees. It is your responsibility to pay the invoices submitted by your vendors. In recent months, you have noticed an increase in the number of invoices from your small office supply vendor, Handy Offices. It seems as if the prices for many of the supplies are higher than necessary. After doing some research, you discover that one of your company’s managers, John Deedrick, has been placing many of these orders. You also discover that John has received some rather nice “gifts” from the CEO at Handy Offices, including two dinners at an expensive restaurant and greens fees at one of the better golf courses in the area. You know all too well that Deedrick, the Handy Offices CEO, and the Triple C CEOs are good friends, both on and off the golf course. Triple C currently has no provision in place that allows employees to seek guidance for ethical concerns or to report ethical violations anonymously. What is your ethical dilemma? What do you do? Include in your answer the key principles for reaching ethical decisions that were useful to you in reaching your decision. 5.Define and explain effective communication. Why is it important in the business environment? 6.Sole proprietorships are the most common form of business ownership. What advantages explain the popularity of the sole proprietorship? 7.How does small business impact the U.S. economy? 8.Explain the Sarbanes-Oxley Act of 2002. Include in your response purpose of this legislation as it refers to accounting practices. Provide some history as to why this act became necessary.

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