Into to Business.

Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

1. What are the four types of business ownership? Describe each of them.

2 There are many successful entrepreneurs, such as Bill Gates, Warren Buffet, and Steve Jobs. What are four traits they have in common? Were these entrepreneurs born with these traits, or did they develop these traits? Support your answer.

3. There are many advantages and disadvantage to each type of business ownership. Select and discuss two advantages and two disadvantages for each type of business ownership.

4. What are the four types of corporations? What makes each corporation different? What are advantages and disadvantages to the most common form of corporation?

5. How is capital budgeting used in an organization? What are the considerations that need to be analyzed when setting up a proposed budget?

6, What is the objective for business budgeting? What are the four advantages that a good budget provides? Explain.

7. What are the three types of accountants and the service each type of accountant provides? Who would be the user of each type?

8. An important part of business is to plan ahead. Identify three planning tools used for forecasting and the information each provides.

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