Question
Identify and describe the three basic forms of business organizations. What are the advantages and disadvantages of each form of ownership? Distinguished-level: Business
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?
Step by Step Solution
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Step: 1
Three Basic Forms of Business Organizations 1 Sole Proprietorship Description A business owned and operated by a single individual The owner has full ...
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Step: 2
Step: 3
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
