Remember: 1. Length does not matter but Depth is very important. 2. Grammar and spelling errors will be considered in grading. 3. Do not give your opinion. Do use the textbook or research the answers and give references. The 6 questions are: 1. Define a corporation, and discuss the primary advantages and disadvantages of forming a corporation. And describe the differences between a balance sheet and an income statement. 2. What are the three primary goals of human resource management (HRM)? Explain the goals in detail. 3. Explain the Boston Consulting Group (BCG) matrix, including its dimensions, quadrants, and strategic recommendations. 4. Effective managers must possess technical skills, human skills, and conceptual skills in varying degrees. Define each term and discuss their importance to management. 5. Describe Maslow's hierarchy of needs theory and explain how managers can apply this concept to motivate their employees. 6. List and explain the three techniques involved in the implementation of total quality management (TQM).