Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 4.1, Problem 3CC
What are the drawbacks to being a sole proprietor?
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What are the primary types of business ownership and how do they differ in terms of liability, decision-making authority, and profit distribution?
Differentiate between partnership and sole proprietorship form of business.
Explain briefly, in your opinion which form of business is better?
What are the different forms of ownership that a business can adopt, and what are the advantages and disadvantages of each form? Additionally, how can an organization select the most appropriate form of ownership for its specific needs and objectives, and what are some of the key factors that should be considered in making this decision?
Chapter 4 Solutions
Introduction to Business
Ch. 4.1 - What is a sole proprietorship?Ch. 4.1 - Why is this a popular form of business...Ch. 4.1 - What are the drawbacks to being a sole proprietor?Ch. 4.2 - How does a partnership differ from a sole...Ch. 4.2 - Describe the four main types of partnerships, and...Ch. 4.2 - What are the main advantages and disadvantages of...Ch. 4.3 - What is a corporation? Describe how corporations...Ch. 4.3 - Summarize the advantages and disadvantages of...Ch. 4.3 - Why do S corporations and limited liability...Ch. 4.4 - Describe the two types of cooperatives and the...
Ch. 4.4 - What are the benefits of joint ventures?Ch. 4.5 - Describe franchising and the main parties to the...Ch. 4.5 - Summarize the major advantages and disadvantages...Ch. 4.5 - Why has franchising proved so popular?Ch. 4.6 - Differentiate between a merger and an acquisition.Ch. 4.6 - What are the most common motives for corporate...Ch. 4.6 - Describe the different types of corporate mergers.Ch. 4.7 - What are some of the demographic trends currently...Ch. 4.7 - As a prospective business owner, what could you do...Ch. 4.7 - What other economic trends are influencing today's...Ch. 4 - After seeing a Quiznos franchise recruitment...Ch. 4 - Is the not-for-profit form of business...Ch. 4 - Why has this form of ownership not been replicated...Ch. 4 - What are the limitations and constraints that this...
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Similar questions
- list how does the growth and scalability of a sole proprietorship compare to other forms of business?arrow_forwardWhat is the most concerning disadvantage of sole proprietorship and partnership? Why?arrow_forwardThe needs of the businessperson starting a new business are a major consideration when deciding the best form of business ownership. The kind of business being started is also important to consider when deciding to make your new business a sole proprietorship, partnership, or corporation. Look at the list of new businesses below. , indicate the form of ownership you think would be best for each business and give the reasoning for your selection.arrow_forward
- What are the key considerations for entrepreneurs when choosing between different types of business ownership, such as sole proprietorship, partnership, and corporation, and how do these choices impact various aspects of management?arrow_forwardWhat are the main differences between private limited company and public limited company?arrow_forwardWhat are the advantage and disadvantage of sole proprietorship?arrow_forward
- What is the difference between a stakeholder and a stockholder? What type of stakeholder is a shareholder?arrow_forwardWhat are the key differences between sole proprietorships, partnerships, and corporations in terms of ownership structure and management responsibilities?arrow_forwardWhat is meant by sole proprietorships?arrow_forward
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