Econ 2301 milestone 1 - Study guides, Class notes & Summaries

ECON 2301 Milestone 1 Questions With Answers | Latest Update 2023/2024 | Graded A+. Richard worked at a software company, and he learned many youth in the local community did not have access to technology to help them succeed in school. Richard told his supervisor he thought this might be a good way to give back to the community. Which step to creating a social responsibility program below does this illustrate?  Ongoing leadership  Action  Need recognition  Follow throug...

ECON 2301 Milestone 1 Questions With Answers. In which type of business below does the owner have the highest liability risk?  Partnership  Cooperative  Sole proprietor  Corporation CONCEPT Non-Corporate Business 2 How is a business plan used by the management of a business?  To define the current management structure of the business  To list the responsibilities of managers and employees  To monitor and track performance goals for the business  To ev...

ECON 2301 Milestone 1 Questions With Answers | Latest Graded 2023/2024. Which step to creating a social responsibility program below does this illustrate?  Ongoing leadership  Action  Need recognition  Follow through CONCEPT Steps to Creating a Social Responsibility Program 8 In which of the following ways is a small business owner similar to an entrepreneur?  Both avoid buying an existing business as a franchise.  Both focus on the expansion possibilities of ...

Penelope worked for several years at an art gallery after graduating college. She had always imagined she would own her own studio one day, where she could showcase her own works as well as provide private art lessons and classes. She had saved money toward this goal but had little experience running any type of business. Based on Penelope's situation, which of the following is a disadvantage to her becoming a sole proprietor?  Penelope may have difficulty managing all aspects of a s...

Complete this Milestone 1 worksheet using the directions within to guide you. Submit your completed worksheet in the “Assignment and Grades” tab in your course menu. When you have submitted this assignment for grading, please return to Module 3 for a module wrap-up. Your task: You will take the role of a researcher for an umbrella manufacturing company that is considering entering a new market. You have been asked by the board of directors for advice on how to understand the economic fa...