Why do you think it is critical to properly document the financial activities of an organization? Who outside the organization might have interest in them?

After you complete reading Chapters 1 and 17, and reviewing the YouTube video, http://www.viddler.com/embed/efe5a931/?f=1&autoplay=0&player=full&disablebranding=0

please respond to the following questions:

1. Look up and discuss a for-profit organization and a non-profit one. Who are they and what do they sell. What is the mission of each organization and who are there customers.

2. In Chapter 1, you learned about the major activities of business. Of the three, which one do you think is most important? Why do you think so?

3. Why do you think it is critical to properly document the financial activities of an organization? Who outside the organization might have interest in them?

4. After reviewing the video, why do you think it’s important to study business? Do you think Terry Tate’s managerial tactics are sustainable in today’s business environment? Why or why not?

Make sure you respond to at least two classmates’ postings.

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