BUSN 11 Introduction to Business Student Edition
11th Edition
ISBN: 9781337407137
Author: Kelly
Publisher: Cengage Learning
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Question
Chapter 6, Problem 5LO
Summary Introduction
To discuss: The reason for the limited liability firms to become more popular type of business ownership.
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Explain why general corporations have become the dominant form of the different types of business ownership.
describe why general corporations have become the dominant form of the different types of business ownership.
In the context of the various forms of business ownership, discuss the two basic types of partnerships. B. Briefly discuss domestic, foreign, alien, private, and public corporations.
Chapter 6 Solutions
BUSN 11 Introduction to Business Student Edition
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- With reference to the different types of ownership, please compare and contrast private corporations and public corporations.arrow_forwardDo corporate shareholders have an obligation to make certain that their business corporation acts in an ethical and proper manner in conducting businessarrow_forwardForms of business ownership refer to the legal structures under which a business operates. There are several types of business ownership, including sole proprietorships, partnerships, corporations, and limited liability companies (LLCs). Each form of ownership has its advantages and disadvantages, and the choice of the form of ownership depends on various factors such as liability, taxation, and management structure.Critically evaluate the relevance of the advantages and disadvantages in light of current trends and developments in the business environment.arrow_forward
- Compare the advantages and disadvantages of the corporation versus the partnershiparrow_forwardWhat are the key differences between sole proprietorships, partnerships, and corporations in terms of ownership structure and management responsibilities?arrow_forwardExplain the difference between a shareholder and a stakeholderarrow_forward
- What form of business is: • difficult to liquidate or terminate • have separate management from ownershiparrow_forwardState the difference between a closed corporation and an open corporation.arrow_forwardExamine special types of businesses,including S corporations, limitedliability companies, and not-for-profitcorporationsarrow_forward
- How does limited liability impact the decision-making process and risk management strategies of a company?arrow_forwardA single proprietorship is a form of business organization which....... a. has one owner-manager who is personally responsible for the firm's actions and debts b. allows easy transferability of ownership by the trading of shares c. has a single owner but has directors who are responsible for the firm's debts d. has limited liabilityarrow_forward
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