Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
9th Edition
ISBN: 9781305635937
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Chapter 1, Problem 6Q
Summary Introduction

To identify: The various forms of business organization and their advantages and disadvantages.

Business organization: The organization which is established with the motive of earning profit is called business organization. The main objective of the business is to earn profit. There are various forms of business organization like proprietorship, partnership, corporation and limited liability partnership.

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