bus 120

Mini-rubric

Points are reduced for typos, grammar errors, not answer each question completely.  Be careful, each discussion question is a multi-part question. Proof read your work before you submit it. Points will be reduced if there are less than three sources. No points will be awarded if your sources are not cited.

Instructions

Please read carefully:

1. You must use at least 3 different sources and cite each of them separately at the end of your writing.

2. AI/Chat GPT cannot be used for this assignment. This needs to be your original work. Do not share or borrow from anyone else. Please see the syllabus and Grossmont Catalog for plagiarism rules.

3. The questions are multi-part and will take some thought and research. The prompts provided below cannot be adequately answered in less than at least one paragraph per prompt. It make take more than a paragraph per prompt to answer completely.

5. You do not need to attach anything

7. Please write at least 1 paragraph per prompt, a minimum of 3 paragraphs in total to answer all prompts. (A paragraph is typically 5-8 sentence minimum.) to answer the following prompts:

Prompt 1:

You are an entrepreneur and have decided to open your own company. Describe the business that you would like to open. What is your product or service? Who is your target customer? Where is your business located?

Prompt 2:

Describe the type of organization you would have and why that form of business would be the best for your new company. Explain the pros and cons of your choice.

Prompt 3:

Describe the financial statements you would use and the key components/information that is on those statements that you would rely on for making your management and planning decisions. What indicators would you use to decide to grow or expand your company? What indicators would you use to decide if you should stay the course, no or few changes?  Which indicators would you use to decide if you need to reduce the size of your company?