- Subject: Entrepreneurship. - Mandatory book for this week's assignment (file attached - please include in citations): Hisrich, Robert D., Peters, Michael P., Shepherd, Dean A.. (2020). Entrepreneur

1. S tu dy y o ur lo ca l n ew sp aper a nd c h o ose th re e g ood e xa m ple s a nd th re e p oor

exa m ple s o f jo b a dve rtis e m ents . S how th e e xa m ple s a nd e xp la in y o ur c h oic e s.

2. R evie w c u rre nt b usin ess m agazin es a nd id entif y o ne la rg e p ublic c o rp ora tio n a nd

one s ta rt- u p th at h ave a b oard o f a dvis o rs . H ow w ill th ese b oard s b e u se d

dif f e re ntly o r s im ila rly ? H ow w ould y o u e xp e ct a b oard o f a dvis o rs to in te ra ct w it h a

b oard o f d ir e cto rs ?

3. C om panie s p la nnin g to m ake a n in it ia l p ublic o ff e rin g ( IP O ) m ust s u bm it a fin ancia l

pla n a s p art o f th eir p ro sp ectu s. F ro m th e In te rn et, c o lle ct a p ro sp ectu s fr o m tw o

dif f e re nt c o m panie s a nd a naly ze th eir fin ancia l p la ns. W hat w ere th e m ajo r

assu m ptio ns m ade in c o nstr u ctin g th ese fin ancia l p la ns? C om pa re a nd c o ntr a st

th ese fin ancia l p la ns w it h w hat w e w ould e xp e ct o f a fin ancia l p la n a s p art o f a

b usin ess p la n.

4. Wh at v o lu m e o f s a le s is r e quir e d to r e ach b re ake ve n fo r th e fo llo w in g b usin ess:

T he v a ria ble c o st o f p ro ducin g o ne u nit o f th e p ro duct is $ 5, th e fix e d c o sts o f p la nt

and la bor a re $ 500,0 00, a nd th e s e llin g p ric e o f a s in gle p ro duct is $ 50. It is n ot

alw ays e asy to c la ssif y a c o st a s fix e d o r v a ria ble . W hat h appens to th e b re ake ve n

ca lc u la te d a bove if s o m e o f th e fix e d c o sts a re r e cla ssif ie d a s v a ria ble c o sts ?

Wh at h appens if th e r e ve rs e is th e c a se ( i. e ., s o m e o f th e v a ria ble c o sts a re

re cla ssif ie d a s fix e d c o sts )?