BMGT 110 Introduction to Business and Management
BMGT 110 Introduction to Business and Management Fall 2014 INSTRUCTIONS: Type your name on the answer sheet, below. Scroll down to see the three questions that make up this quiz. Each question is worth up to 5 points. Type your answer to each question in a separate document. Type the question then the answer below it. Your answer should be approximately 1 page in length, double-spaced, for each question. Be sure to answer all aspects of the question in its entirety _________________________________________________________________________________________________________________________ Question #1: Although most new businesses start out as sole proprietorships, few large businesses are organized this way. Why is the sole proprietorship such a popular form of ownership for new businesses? What features of sole proprietorship make it unattractive for growing businesses? What business forms would be more appropriate for a growing business? Question #2: Why would a U.S. company decide to form a strategic alliance with a company in another country? What kinds of ethical considerations might the U.S. company be faced with given possible differences in laws and standards between the two countries? Question #3: How are cross-functional teams used in businesses today? Why are they important to achieving business goals? What advantages might employees get from working within those kinds of teams?