1. Define consumerism. How has this term evolved in the year 2022?.

2. Explain the difference between a risk-free and risky investment. Why should investors be entitled to high rewards when succeeding in risky investments?

3. Explain how inflation, deflation and discretionary income are intertwined variables that can affect the success of entrepreneurs.

4. Explain the differences between a revenue driver and a profit driver in small business. Give some strategies that you might use to maximize these drivers.

5. if you invested $250,000 in a business, what would be your ROI if your net was: a. 8% interest 5 years b. 10% interest 8 years c. 5% interest 15 years d. 3% interest 8 years

6. What are the five parts of a business plan? What strategies in the letter of introduction can be used to get the loan approved?

Extra Credit: Economists Franco Modigliani and Merton Miller won a Nobel Prize for explaining how their theory on the proper use of capital can lead to successful expansion. In your own words, explain how can debt be used to expand your growing firm.