Question: List and explain the important factors in choosing an organizational type

Answer:

Question: Discuss the advantages and disadvantages of sole proprietorships

Answer: Sole proprietorships are the simplest and most common legal structure for a business. These businesses are owned and run by one person.

Question: Discuss the advantages and disadvantages of partnerships

Answer: A partnership is a single business in which two or more people share ownership. There are two general types of partnership arrangements: general partnerships and limited partnerships.

Question: Discuss the advantages and disadvantages of corporations

Answer: Although not the most common form of business ownership, corporations account for the majority of the revenue from business in the U.S. They are also the most complex type of organization to start and maintain. Types of corporations include C corporations, S corporations, and B corporations.

Question: Discuss the advantages and disadvantages of hybrid forms of business ownership

Answer:

Question: Discuss the advantages and disadvantages of franchises

Answer:

Question: Describe the two types of mergers and acquisitions

Answer:

Question: What are some important factors to consider when choosing an organizational type?

Answer: Control versus responsibility, and risk tolerance.

Question: A thirty-five-year old entrepreneur with dependents is considering starting a business. She is concerned about protecting her personal assets and making sure that if her company were to fail, she would not lose her home or personal savings. This is an example of an individual:

Answer: With low risk tolerance.

Question: If an owner of a business were to die, which of the following entities would cease to exist (which type of business would “die” too)?

Answer: a sole proprietorship