Assignment 1: The Business Environment
Write a 3-4 page paper in which you:
1. Describe the role of business in the economy.
2. Compare and contrast the roles of for-profit and nonprofit organizations in the economy.
3. Discuss the impact of current fiscal and monetary policy on the economy.
4. Select a product or service with which you are familiar and outline a strategy for accessing global markets.
5. Select an organization with which you are familiar and discuss the impact of that organization’s level of social responsibility on a stakeholder group of your choice.
Your assignment must:
? Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
? Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date.
The specific course learning outcomes associated with this assignment are:
? Distinguish between the major forms of business ownership and compare the advantages and disadvantages of each.
? Define entrepreneurship and the nature and importance in the U.S. economy of small businesses.
? Describe the basic accounting process and the financial statements used in business.
? Explain the role of financial management, human resource management, and information management in a business.
? Identify the basic components of the marketing process (product, promotion, pricing, and distribution).
? Use technology and information resources to research issues in business.
? Write clearly and concisely about business issues using proper writing mechanics.