Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 4.3, Problem 3CC
Why do S corporations and limited liability companies (LLCs) appeal to small businesses?
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What is meant by sole proprietorships?
Why would B Corporation be considered the most compelling form of, or approach to, business?
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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
- Why wouldnt you want to choose other business entity types besides LLC , Limited liability company?arrow_forwardWhat s the biggest advantage to having a corporation as opposed to a partnership or a sole proprietorship?arrow_forward(1) How many sole proprietors do you know? Do theyseem satisfied with the choice of working forthemselves? Why or why not? (2) Would you everconsider going into business as a sole proprietor?Why or why not?arrow_forward
- How are LLCs and LLPs related to the other forms of organization?arrow_forwardANALYZE THESE BUSINESS TYPES: SOLE PROPRIETORSHIP PARTNERSHIP LIMITED LIABILITY COMPANY CORPORATIONarrow_forwardWhat are the key differences between sole proprietorships, partnerships, and corporations in terms of ownership structure and management responsibilities?arrow_forward
- What is the funding and management of Sole Proprietorship; Partnerships; Corporations and Limited Liability Company?arrow_forward1. Setting Up a Business Your friend, Olivia Graves, is going to start her own chocolate shop, called Chocolate-By-Design. Olivia is an expert candy maker and one of the city's top pastry chefs. Olivia has come to you for advice on what type of business Chocolate-By-Design should be-a sole proprietorship, partner- ship, or corporation. Create a report comparing the three different types of businesses, along with your recommendation for Chocolate-By-Design's business structure.arrow_forwardWhat are the primary types of business ownership and how do they differ in terms of liability, decision-making authority, and profit distribution?arrow_forward
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