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Question 1: Innovation has changed the way we live. Research an entrepreneur whose innovation has changed the business world. Describe how that product or service benefited our society.

Question 2: Government interaction has a major impact on businesses and personal lives. Identify two government policies that influence our business environment and the American citizen. Provide an example for each policy to support your answer.

Question 3: There are many reasons for changes to be made to our plans to reach our goals in life. In this instance, consider how macroeconomics and microeconomics impact our daily lives. Describe two economic examples of issues that affect our decision-making processes and that may change our quality of life.

Question 4: Identify and discuss three of the five ways we measure our economic performance. Research and analyze each, and answer the following question: Are the three you selected showing good or poor results?

Operation Management, Management Studies

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