answer number 2 please 150-200 words typed

p. 434 We point out in this chapter that the organizational form of a business will deter- mine the amount of regulation that business experiences. Furthermore, business owners will have different rights and responsibilities according to the organizatio form. Although you will learn about the major organizational forms later in this chapter, you can prepare to use your critical thinking skills while you consider busi- ness associations by asking yourself the following questions. 1. This question is not a formal critical thinking question, but it lays the ground- work for critical thinking about forms of business organization. Think about the businesses with which you interact every day. For example, where do you buy groceries? Who cuts your hair? Where did you buy this book? Why should the community care whether these businesses are owned by a single person or by hundreds of shareholders? Clue: Ask yourself what the community expects from businesses and how these different forms of ownership affect the extent to which those expecta- tions are fulfilled. 2. Joan wants to open a business that specializes in selling fine wines. She be- lieves that as long as she follows the law of selling alcohol only to individu- als 21 years of age or older, the government should not impose any other regulations on her business activity. What ethical norm seems to dominate Joan's thinking? Clue: Think about the list of ethical norms in Chapter 1. Which norm seems most consistent with little or no governmental regulation? Which eth