Define basic forms of business organizations

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Question: 1. What are the three basic forms of business organizations?

2. What are the advantages to a business of being formed as a corporation? What are the disadvantages?

3. What are the advantages to a business of being formed as a partnership or sole proprietorship? What are the disadvantages?

4. "Accounting is ingrained in our society and is vital to our economic system." Do you agree? Explain.

Reference no: EM131822747

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