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Business: A Changing World, 4/e
O.C. Ferrell, Colorado State University
Geoffrey Hirt, DePaul University

Options for Organizing Business

Learning Objectives

After reading this chapter, you should be able to:

  • Define and examine the advantages and disadvantages of the sole proprietorship form of organization.

  • Identify three types of partnership and evaluate the advantages and disadvantages of the partnership form of organization.

  • Describe the corporate form of organization and cite the advantages and disadvantages of corporations.

  • Define and debate the advantages and disadvantages of mergers, acquisitions, and leveraged buyouts.

  • Propose an appropriate organizational form for a start-up business.





McGraw-Hill/Irwin