- Why are stakeholders important?
- What is the social environment impact on business?
- Explain the impact of the national debt on the global economy.
- Explain the relationship between supply, demand and equilibrium point.
- Explain the relationship between the GDP, the balance of trade and balance of payment.
- Why should nations trade with other nations?
- Explain at least four types of ways in which a company can get involved in global business.
- What is the difference between compliance-based an integrity-based ethics?
- Why is corporate social responsibility important?
- What is the company’s responsibility to its employees?
- Compare and contrast the different forms of business ownership, including advantages and disadvantages.
- What are the four functions of management?
- What is the difference between vision, mission statement, goals and objectives?
- What is the difference between strategic and tactical planning?
- What is a SWOT analysis and how is it used?
- What are at least three different ways in which an entrepreneur can raise money that DO NOT include getting a loan from a bank or borrowing money from family and friends? Include those that were discussed in class.
- What are at least three different types of places/spaces an entrepreneur can use as they are creating or starting their business? Include those that were discussed in class.
- What are the three requirements for production.
- Describe the difference between flexible manufacturing and lean manufacturing.
- How has CAD, CAM and CIM impacted the manufacturing industry?
- Describe the importance of facility location for manufacturers.
- Explain Maslow’s hierarchy of needs as it would relate to an organization.
- Explain the difference between McGregor’s Theory X and Theory Y on management perception of employees.
- Explain the difference between training and development.
- What are the benefits and challenges of flextime? Telecommuting? Job Sharing?
- Explain the various components of Human Resource Management.
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