You are about to start a business (you pick the type of business)
MIDTERM—RESENDING
Parameters of Graded Assignment: Except as set forth below, you can consult any sources you wish, but all that is required for purposes of answering the questions below is to utilize the readings and other materials covered in this class. UNDER NO CIRCUMSTANCE MAY YOU DISCUSS THIS EXAM WITH ANYONE, INCLUDING WITH ANY OF YOUR CLASSMATES. FAILURE TO ADHERE TO THIS, WILL LEAD TO IMMEDIATE DISCIPLINARY ACTION, INCLUDING REFERRAL TO THE DEAN OF THE COLLEGE. There are two questions.
Each question is weighted equally, so allocate the time and space accordingly. Your exam essay must NOT exceed three (3) pages, single-spaced, 12-point font. If Il Verizon 🙂
Question #1: You are about to start a business (you pick the type of business). Spend a sentence or two describing the business. (For example, and by way of example only: Say you want to open a pizza shop restaurant or start an apparel manufacturing business. But these are examples only; please select another business that YOU would want to start.) Based on the above, and using the materials covered in this class only, describe:
a) The best form of business organization (e.g., sole proprietorship, partnership, LLC, corporation, etc.) you would select for your business and why. In discussing “why”, please be sure and describe the basis for your selection including the pros and cons over all other available alternatives.
Question #2: Several of the officers at Enron breached their fiduciary duties to the corporation. Identify some of the officers (by name) who breached these fiduciary duties and explain specifically what actions (or inactions) these officers took that are evidence of such breaches.

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