1. What were the management functions that Art used in his grandfather’s store and at S.E. Nichols? How were these functions carried out by the business?
2. Based on the duties that Art performed in his grandfather’s store and at S.E. Nichols, should Art be paid minimum wage? If your answer is yes, why? If your answer is no, why not?
3. Art’s grandfather asks you to advise him on what form of business ownership he should create. Select a form of ownership for Art’s grandfather and list and explain its advantages and disadvantages.