LO 4-1

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

LO 4-2

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

LO 4-3

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

LO 4-4

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