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Assignment 2 Due Thursday 9/11

Please Answer the following questions in a word document and attach it to this assignment or solve in sheet of paper
and scan it and attach to this assignment. Use this is a quick check on your knowledge before the midterms.
Plagiarism from the notes will not be accepted and will be counted as ZERO

1. State the advantages and disadvantages of privatization.


2. What is the de nition of monopoly?
3. What is the opportunity cost of being an entrepreneur?
4. What should be included in a business plan?
5. Why do governments support business start ups?
6. How can we measure the size of a business?
7. What is the di erence between horizontal integration and backward vertical integration?
8. What is the di erence between private and public limited companies?

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