SMALL BUSINESS MANAGEMENT

PLEASE NUMBER THE QUESTION FIRST THEN ANSWERING IT!! 

State the question the question first, then your answer.
 
ANSWER ANY 6 OUT OF 7
 
 
1.     Describe and discuss the character traits of successful small business owners.
 
2.     Describe and discuss the various laws that all entrepreneurs and business owners must know and be aware of.
 
3.     Describe what must be in a Franchise Disclosure Document and why the FDD is critical to analyzing a franchise opportunity. List and discuss each item.
 
4.     Define proprietorship, partnership, corporation, limited liability, cooperative, and joint venture.
 
5.     What should a business plan include?
 
6.     What are business ethics? (b) Why are they so important?
 
7.     a. What are some reasons for and against starting a new business?
b. What are some reasons for and against buying an existing business?
c. What are some reasons for and against buying a franchise?