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Identify and describe the three basic forms of business organizations. What are the advantages and disadvantages of each form of ownership? Distinguished-level: Business entities can

Identify and describe the three basic forms of business organizations.

What are the advantages and disadvantages of each form of ownership?

Distinguished-level:

Business entities can also be categorized by the type of business activities they perform. Identify and describe the three types. What do all three types have in common?

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