1. Assume you are going to become a small business owner within the next 5 years. Based on all you have read through chapters 1-4, write a short essay where you pick the 5 most goals, other than profits, that your firm wants to achieve. Be certain to state what goods/services your firm will be selling/producing. The goals need to be specific and relative to your business. You need to explain what each goal is and why it is important for your proposed business. If you state generic goals, that will be worth almost no points. That is, if you say I will follow free market capitalism and the circular flow model – that will be worth no points.

2.What are the three fundamental questions?  State them and then explain how you would answer them based on your answer in question 1?

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