Econ 2301 milestone 1 - Study guides, Class notes & Summaries
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ECON 2301 Milestone 1 Questions With Answers | Latest Update 2023/2024 | Graded A+
- Exam (elaborations) • 10 pages • 2023
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ECON 2301 Milestone 1 Questions With Answers | Latest Update 2023/2024 | Graded A+. Richard worked at a software company, and he learned many youth in the 
local community did not have access to technology to help them succeed in 
school. Richard told his supervisor he thought this might be a good way to 
give back to the community. 
Which step to creating a social responsibility program below does 
this illustrate? 
 
Ongoing leadership 
 
Action 
 
Need recognition 
 
Follow throug...
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ECON 2301 Milestone 1 Questions With Answers
- Exam (elaborations) • 10 pages • 2023
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ECON 2301 Milestone 1 Questions With Answers. In which type of business below does the owner have the highest 
liability risk? 
 
Partnership 
 
Cooperative 
 
Sole proprietor 
 
Corporation 
CONCEPT 
Non-Corporate Business 
2 
How is a business plan used by the management of a business? 
 
To define the current management structure of the business 
 
To list the responsibilities of managers and employees 
 
To monitor and track performance goals for the business 
 
To ev...
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ECON 2301 Milestone 1 Questions With Answers | Latest Graded 2023/2024
- Exam (elaborations) • 10 pages • 2023
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- $19.49
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ECON 2301 Milestone 1 Questions With Answers | Latest Graded 2023/2024. Which step to creating a social responsibility program below does 
this illustrate? 
 
Ongoing leadership 
 
Action 
 
Need recognition 
 
Follow through 
CONCEPT 
Steps to Creating a Social Responsibility Program 
8 
In which of the following ways is a small business owner similar to 
an entrepreneur? 
 
Both avoid buying an existing business as a franchise. 
 
Both focus on the expansion possibilities of ...
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ECON 2301 Milestone 1 Questions With Answers | Latest Update (GRADED)
- Exam (elaborations) • 10 pages • 2023
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Penelope worked for several years at an art gallery after graduating college. 
She had always imagined she would own her own studio one day, where she 
could showcase her own works as well as provide private art lessons and 
classes. She had saved money toward this goal but had little experience 
running any type of business. 
Based on Penelope's situation, which of the following is a 
disadvantage to her becoming a sole proprietor? 
 
Penelope may have difficulty managing all aspects of a s...
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ECON 2301 Milestone 1 Questions With Answers | Latest Update 2023/2024 | Graded A+
- Exam (elaborations) • 21 pages • 2023
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- $19.69
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Complete this Milestone 1 worksheet using the directions within to guide you. Submit your completed worksheet in the “Assignment 
and Grades” tab in your course menu. When you have submitted this assignment for grading, please return to Module 3 for a module 
wrap-up. 
Your task: 
You will take the role of a researcher for an umbrella manufacturing company that is considering entering a new market. You have 
been asked by the board of directors for advice on how to understand the economic fa...
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