Forms of organizational structures of Businesses Several options exist for creation of new entities such as partnership firms, proprietorship firms, corporations etc. Each has its’ own distinct advantages and demerits and appropriateness of the organization structure, depends on the objectives of the founders. For instance, when the objective is to form a joint venture for a short duration, a partnership firm is the most appropriate since it allows for quick distribution of profits and losses and also contains provisions for dissolution. Similarly, opting for the corporate structure of organization of business comes with its own set of merits and demerits. Some of the advantages include perpetual continuity, separation of ownership from management, distinction of personal and business assets and liabilities etc. To Determine: Type of organizational structure

Question

Want to see the full answer?

Answer 1

Question

Chapter 1, Problem 6E

To determine

Introduction:

Forms of organizational structures of Businesses
Several options exist for creation of new entities such as partnership firms, proprietorship firms, corporations etc. Each has its’ own distinct advantages and demerits and appropriateness of the organization structure, depends on the objectives of the founders.

For instance, when the objective is to form a joint venture for a short duration, a partnership firm is the most appropriate since it allows for quick distribution of profits and losses and also contains provisions for dissolution.

Similarly, opting for the corporate structure of organization of business comes with its own set of merits and demerits. Some of the advantages include perpetual continuity, separation of ownership from management, distinction of personal and business assets and liabilities etc.

To Determine:

Type of organizational structure

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 2

Question

Chapter 1, Problem 6E

To determine

Introduction:

Forms of organizational structures of Businesses
Several options exist for creation of new entities such as partnership firms, proprietorship firms, corporations etc. Each has its’ own distinct advantages and demerits and appropriateness of the organization structure, depends on the objectives of the founders.

For instance, when the objective is to form a joint venture for a short duration, a partnership firm is the most appropriate since it allows for quick distribution of profits and losses and also contains provisions for dissolution.

Similarly, opting for the corporate structure of organization of business comes with its own set of merits and demerits. Some of the advantages include perpetual continuity, separation of ownership from management, distinction of personal and business assets and liabilities etc.

To Determine:

Type of organizational structure

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 1, Problem 6E

To determine

Introduction:

Forms of organizational structures of Businesses
Several options exist for creation of new entities such as partnership firms, proprietorship firms, corporations etc. Each has its’ own distinct advantages and demerits and appropriateness of the organization structure, depends on the objectives of the founders.

For instance, when the objective is to form a joint venture for a short duration, a partnership firm is the most appropriate since it allows for quick distribution of profits and losses and also contains provisions for dissolution.

Similarly, opting for the corporate structure of organization of business comes with its own set of merits and demerits. Some of the advantages include perpetual continuity, separation of ownership from management, distinction of personal and business assets and liabilities etc.

To Determine:

Type of organizational structure

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 1, Problem 6E

To determine

Introduction:

Forms of organizational structures of Businesses
Several options exist for creation of new entities such as partnership firms, proprietorship firms, corporations etc. Each has its’ own distinct advantages and demerits and appropriateness of the organization structure, depends on the objectives of the founders.

For instance, when the objective is to form a joint venture for a short duration, a partnership firm is the most appropriate since it allows for quick distribution of profits and losses and also contains provisions for dissolution.

Similarly, opting for the corporate structure of organization of business comes with its own set of merits and demerits. Some of the advantages include perpetual continuity, separation of ownership from management, distinction of personal and business assets and liabilities etc.

To Determine:

Type of organizational structure

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 1, Problem 6E

To determine

Introduction:

Forms of organizational structures of Businesses
Several options exist for creation of new entities such as partnership firms, proprietorship firms, corporations etc. Each has its’ own distinct advantages and demerits and appropriateness of the organization structure, depends on the objectives of the founders.

For instance, when the objective is to form a joint venture for a short duration, a partnership firm is the most appropriate since it allows for quick distribution of profits and losses and also contains provisions for dissolution.

Similarly, opting for the corporate structure of organization of business comes with its own set of merits and demerits. Some of the advantages include perpetual continuity, separation of ownership from management, distinction of personal and business assets and liabilities etc.

To Determine:

Type of organizational structure

Answer 6

Chapter 1, Problem 6E

To determine

Introduction:

Forms of organizational structures of Businesses
Several options exist for creation of new entities such as partnership firms, proprietorship firms, corporations etc. Each has its’ own distinct advantages and demerits and appropriateness of the organization structure, depends on the objectives of the founders.

For instance, when the objective is to form a joint venture for a short duration, a partnership firm is the most appropriate since it allows for quick distribution of profits and losses and also contains provisions for dissolution.

Similarly, opting for the corporate structure of organization of business comes with its own set of merits and demerits. Some of the advantages include perpetual continuity, separation of ownership from management, distinction of personal and business assets and liabilities etc.

To Determine:

Type of organizational structure

Answer 7

Chapter 1, Problem 6E

To determine

Introduction:

Forms of organizational structures of Businesses
Several options exist for creation of new entities such as partnership firms, proprietorship firms, corporations etc. Each has its’ own distinct advantages and demerits and appropriateness of the organization structure, depends on the objectives of the founders.

For instance, when the objective is to form a joint venture for a short duration, a partnership firm is the most appropriate since it allows for quick distribution of profits and losses and also contains provisions for dissolution.

Similarly, opting for the corporate structure of organization of business comes with its own set of merits and demerits. Some of the advantages include perpetual continuity, separation of ownership from management, distinction of personal and business assets and liabilities etc.

To Determine:

Type of organizational structure

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 1 - Prob. 1DQ Ch. 1 - Technology is increasingly used to process...Ch. 1 - Prob. 3DQ Ch. 1 - What are at least three questions business owners...Ch. 1 - Prob. 5DQ Ch. 1 - Describe the internal role of accounting for...Ch. 1 - Prob. 7DQ Ch. 1 - Prob. 8DQ Ch. 1 - Prob. 9DQ Ch. 1 - What are some accounting-related professions?

Videos

Want to see the full answer?

Chapter 1 Solutions