1. Some methods of initial assessment appear to be more useful than others. If you were starting your own business, which initial assessment methods would you use and why?

2. Which of the following are opportunities exports provide for small firms?

a. expansion of markets

b. potentially higher rates of return on investment

c. more effective use of resources

d. all of the above

e. none of the above

3. Navigating government regulations is one of the primary advantages of owning a sole proprietorship since

sole proprietorships do not have to pay corporate taxes

sole proprietorships have more tax advantages than other business types

sole proprietorships are exempt from licensing requirements within the states in which they do business

sole proprietorships are exempt from local and state regulation