BUSN 115 STUDY Extraordinary Success /busn115study.com BUSN 115 STUDY Extraordinary Success /busn115study | Page 25

Establishing a capital budget
Creating a long-term forecast
Establishing a strategic planning vision
Creating a short-term forecast
Page 3
Question 1.1. (TCO 1) The latest economic news is not very positive.
Unemployment rates are higher than expected, consumer
confidence has fallen, and companies are reporting layoffs are in
order. The Federal Reserve chairman acknowledges the economy is
in a recession. What actions might the federal government and the
Federal Reserve take to give the economy a boost? What are these
policies called? (Points : 10)
Question 2.2. (TCO 2) Identify and discuss the social responsibilities
of Home Depot to three different stakeholder groups. (Points : 15)
Question 3.3. (TCO 3) Discuss the positive aspects of
globalization, and contrast these with the negative aspects of
globalization from the perspective of a small business. Be sure to
address the pros and cons of outsourcing in your response. (Points :
15)
Question 4.4. (TCO 4) Identify and explain the incentives for
entrepreneurship. Address why someone would willingly take the
numerous risks associated with running a business. Also, discuss
the major attributes necessary for a successful entrepreneur. (Points
: 15)
Question 5.5. (TCO 5) Aside from retail sales and marketing,
identify and discuss two ways that a business could reduce costs or
increase profits by using the Internet or web applications.(Points :
15)