Forms of business organization and ethics in financial decisions

Part I Historically, forms of business organization have been classified into three general categories: (1) sole proprietorships ; (2) partnerships and (3) corporations (public and private). However, with the evolution of markets, many hybrid ways of organizing business have developed in our economy, combining benefits from the original three categories of business organization. Instructions: Do a search and explain at least three (3) of these new hybrid ways of organizing business. Identify what are the advantages that they offer their owners compared to the original forms of business organization. Part II The beginning of the first decade of the 2000s was characterized by the rise of the great corporate fraud scandals. Many high-profile, large-cap companies were prosecuted, and their top executives and employees had to pay large sums of money and even serve in prison. One of the first scandals to come to light was the Enron Corporation case. Other companies were also prosecuted and some were directly related to the Enron case. Conduct a search on the companies Enron Corporation, Arthur Andersen, Merrill Lynch, and WorldCom and develop an analysis that includes what corporate fraud consisted of for each of them. Explain what was the impact it had on the company, on the industry in which the company operated and on the socio-economic environment. Argue what element or elements do you understand that the authors who originated these corporate fraud schemes had in common that led the economy to one of its worst moments in the economic history of the United States.