| Business: A Changing World, 4/e O.C. Ferrell,
Colorado State University Geoffrey Hirt,
DePaul University
Options for Organizing Business
Learning ObjectivesAfter 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.
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