4. If your friend in Situation 2 decides to write a business plan, what advice would you give her? 5. In Situation 3, when looking into why the profits were not up to expectations, Rose discovered that Martin had been embezzling funds from the company. In addition to this problem, what other issues might have contributed to the firm's poor performance? 6. What could Rose have done in Situation 3 to reduce the chance of Martin's embezzlement? What are his options now?
4. If your friend in Situation 2 decides to write a business plan, what advice would you give her? 5. In Situation 3, when looking into why the profits were not up to expectations, Rose discovered that Martin had been embezzling funds from the company. In addition to this problem, what other issues might have contributed to the firm's poor performance? 6. What could Rose have done in Situation 3 to reduce the chance of Martin's embezzlement? What are his options now?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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4. If your friend in Situation 2 decides to write a business plan, what advice would you give her?
5. In Situation 3, when looking into why the profits were not up to expectations, Rose discovered that Martin had been embezzling funds from the company. In addition to this problem, what other issues might have contributed to the firm's poor performance?
6. What could Rose have done in Situation 3 to reduce the chance of Martin's embezzlement? What are his options now?
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