Business Organizations Business organizations are individuals or group of individuals formed together to carry out sale and purchase of goods and services with the aim of earning profits, maximizing wealth and to achieve other organizational objectives. To Match: The form of business organization with the suitable descriptions.

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Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 1, Problem 1.3BE

To determine

Business Organizations

Business organizations are individuals or group of individuals formed together to carry out sale and purchase of goods and services with the aim of earning profits, maximizing wealth and to achieve other organizational objectives.

To Match: The form of business organization with the suitable descriptions.

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Answer 2

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Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 1, Problem 1.3BE

To determine

Business Organizations

Business organizations are individuals or group of individuals formed together to carry out sale and purchase of goods and services with the aim of earning profits, maximizing wealth and to achieve other organizational objectives.

To Match: The form of business organization with the suitable descriptions.

Expert Solution & Answer

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Answer 3

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Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 1, Problem 1.3BE

To determine

Business Organizations

Business organizations are individuals or group of individuals formed together to carry out sale and purchase of goods and services with the aim of earning profits, maximizing wealth and to achieve other organizational objectives.

To Match: The form of business organization with the suitable descriptions.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 1, Problem 1.3BE

To determine