INSTRUCTIONS: Please write a comprehensive response to each of the following five questions. The responses must be written in essay format. Do not just list answers.
The response should be grammatically correct and please use spell check. Copying responses directly from the book would be considered plagiarism and an automatic grade of “0”.. Use your own words to demonstrateyour understanding and provide examples.
Essay Questions (20 points each)
- Discuss the three primary financial records that are needed by small business owners.
- Explain the importance of cash flow for a small business owner.
- Describe three sources of debt financing for a small business owner.
- Compare and contrast patents, copyrights, and trademarks.
- Discuss the three primary types of bankruptcy that affect small businesses