Assignment:
1. Not-for-profit organizations have benefits for-profits do not, as they are formed to perform needed/beneficial services. Would you be in favor of limiting CEO (Chief Executive Officer) salaries as part of the requirements for being granted not-for-profit status? Explain the reasoning behind your opinion.
Also, use the internet to research a favorite non-profit of yours. (Don't forget a citation.) Provide a summary of their annual financial activities. How much revenue did they get, what percentage of that revenue went to the "cause", as opposed to other activities, such as advertising, salaries, etc. Did the numbers reflect your expectations, or were you surprised, pleasantly or unpleasantly?
2. Use the information in this table to answer the following questions.
At what price will there be equilibrium in the market?
What condition would exist at a price of $150?
| Qty Supplied | Price | Qty. Demanded |
| 45 | 200 | 0 |
| 40 | 175 | 5 |
| 35 | 150 | 10 |
| 30 | 125 | 15 |
| 25 | 100 | 20 |
| 20 | 75 | 25 |
| 15 | 50 | 30 |
| 10 | 25 | 35 |
| 5 | 0 | 40 |
3. Use the internet to research the structure of the Florida Court System. Briefly summarize your findings in your own words, and be sure to provide a citation for where you found the info.
4. Eddy has the world’s best recipes for Chili and Hot Dogs, and at the urging of family and friends, is finally opening his restaurant, “Fast Eddy’s”. He has ample personal resources from his substantial fortune earned as a stock trader, so finances are not a concern. He does, however, have limited experience as a business operator and has many decisions to make. The first is what form of ownership he should employ.
Given the fact that he will be opening a restaurant and knowing a little about his personal situation and the different forms, you read about, what legal form of ownership would you recommend he use? Please give your rationale for your recommendation, including any possible downsides to the form.