BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
11th Edition
ISBN: 9781337407120
Author: Marcella Kelly, Chuck Williams
Publisher: Cengage Learning
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Chapter 6, Problem 4LO
Summary Introduction
To discuss: The reason for considering corporations as a dominant 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.
Which form of business ownership is LEAST used in the United States ?
Chapter 6 Solutions
BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
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Similar questions
- Discuss the relationship of ownership, family, and enterprisearrow_forwardWhat are the key differences between sole proprietorships, partnerships, and corporations in terms of ownership structure and management responsibilities?arrow_forwardWhy would B Corporation be considered the most compelling form of, or approach to, business?arrow_forward
- Forms 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_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" Corporations are not really run by their owners" explain your answer in detailsarrow_forward
- ANALYZE THESE BUSINESS TYPES: SOLE PROPRIETORSHIP PARTNERSHIP LIMITED LIABILITY COMPANY CORPORATIONarrow_forwardWhat are the legal requirements and considerations for forming a business entity, such as a corporation or a partnership?arrow_forwardWhat is business law, and how does it apply to various types of businesses, such as corporations, partnerships, and sole proprietorships?arrow_forward
- What are the legal considerations for businesses in terms of mergers and acquisitions, including antitrust laws and regulations?arrow_forwardDifferentiate between partnership and sole proprietorship form of business. Explain briefly, in your opinion which form of business is better?arrow_forwardHelparrow_forward
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