* Understand the characteristics of the major forms of
business organizations
* Advantages and disadvantages of the major forms of business
organizations
* Legal consequences of Partnership
* Methods of Arranging Business Activity
Define e-commerce and describe its advantages, disadvantages,
and business models
What are the advantages of business-to-business (B2B)
e-commerce?
Describe at least two categories of social networks and online
media that collectively constitute social commerce.
-What are the advantages and disadvantages of different
legal forms of business organization? Could the limited
liability advantage of a corporation also lead to an agency
problem? Why? What legal form of business would a start-up
entrepreneur most likely prefer?
Distinguish between the different forms of doing business
outside the United States and list their advantages and
disadvantage
Write two to three large paragraphs
Compared with the sole proprietorship and partnership forms of
business organization, the corporate form generally faces with
________ difficulty in raising capital and transferring ownership,
________ taxation, and _______ agency problems. a. Less; Less; More
b. Less; More; Less c. Less; More; More d. More; More; Less e.
More; Less; More
Q1. Describe the legal forms of business organization.
Q2. Discuss business taxes and their importance in financial
decisions.
Q3. What are the two primary activities of the financial manager
that are related to the firm’s balance sheet?