1. Describe the basics of each and why they are important: a. Balance Sheet b. Income Statement c. Statement of Cash Flows
2. a. What is the purpose of the Federal Reserve? b. What are the 3 methods the Federal Reserve uses to control the economy? Be sure to comment on what speeds up the economy and what slows it down for each method. (75 words or more)
3. Business Law: Why is it important for a business to understand the laws that may affect it? (50 words or more).
4. Summarize the main security issues involving technology for businesses (see chapter B). (75 words or more)
5. Risk Management: a. What is self-insurance? b. Choose one of the following businesses and list 3 ways you could reduce risk at that business. (choose a restaurant, a retail store, or an office for your example)
BONUS (up to 5 points) – It is critical that you get control of spending habits and make wise financial decisions in the future. a. Will you pledge to continue to learn about money management? Why should you? b. Do you pledge to follow some sort of budget, especially in the future when you are working full time? c. Do you want to be able to retire somewhat comfortably? Why? (75 words or more)
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