Business

Read the followin" rel="nofollow">ing hypothetical case, then address each of the followin" rel="nofollow">ing issues in" rel="nofollow">in a separate paragraph or two, with each response identified by the correspondin" rel="nofollow">ing letter of the issue you are addressin" rel="nofollow">ing. Your responses should reflect issues you have studied in" rel="nofollow">in the unit chapters, and must be your own work. If you do in" rel="nofollow">incorporate other sources, be sure to clearly identify them as such. All submissions are expected to be college level work, with appropriate spellin" rel="nofollow">ing, grammar, formattin" rel="nofollow">ing, etc., and must be submitted in" rel="nofollow">in .doc or .dox format. Eddy has the world's best recipes for Chili and Hot Dogs, and at the urgin" rel="nofollow">ing of family and friends, is fin" rel="nofollow">inally openin" rel="nofollow">ing his restaurant, "Fast Eddy's". He has ample personal resources from his fortune earned as a stock trader, so fin" rel="nofollow">inance is not a concern. He does however, have limited experience as a busin" rel="nofollow">iness operator, and has some decisions to make. Please address the followin" rel="nofollow">ing questions to help him make his choices. 1. Given the fact that he will be openin" rel="nofollow">ing a restaurant and knowin" rel="nofollow">ing a little about his personal situation, what legal form of ownership would you recommend he use? Please give your rationale for your recommendation, in" rel="nofollow">includin" rel="nofollow">ing any possible downsides to the form. 2. He anticipates bein" rel="nofollow">ing open for lunch and din" rel="nofollow">inner, with both eat in" rel="nofollow">in and take out options available, 6 days a week. Initially, he plans to hire approx. 25 employees. What formal organizational structure would you recommend he use? Provide a simple organizational chart and explain" rel="nofollow">in the pros and cons of this choice. 3. Eddy wants to have happy employees, as he believes that will result in" rel="nofollow">in better performance. Please make one specific suggestion for a motivatin" rel="nofollow">ing technique he could employ, and explain" rel="nofollow">in what motivational theory it relates to. 4. The idea of franchisin" rel="nofollow">ing his idea has crossed his min" rel="nofollow">ind. If he were to take that step, what issues, positive and negative, would you anticipate him encounterin" rel="nofollow">ing in" rel="nofollow">in the early years of his operation?