1. “If a small firm is making a profit, there’s no danger of its
failing.” Do you agree? Why or why not?
2. What is a firm’s financial structure? What are the
components of this structure?
3. What steps are needed in profit planning?
4. What is budgetary control? How can it be used by a small business?
COLLAPSE
1. Discuss the advantages and disadvantages of buying locally
versus buying from a distant seller? How about a single source versus several sources?
2. What is quality? How can it be measured? How can it be controlled?
3. Outline steps or instructions for installing a new quality circle.
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