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QUESTION 1 (25 MARKS) (UNIT 1) a) Discuss the three major legal forms of business organisation available to businesses together with their respective advantages and

QUESTION 1 (25 MARKS) (UNIT 1)

a) Discuss the three major legal forms of business organisation available to businesses together with their respective advantages and disadvantages. (18 marks)

b) Define an agency problem. Illustrate an example of agency problems. (7 marks)

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