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- Types and forms of Business Organizations
Тест:
Types and forms of Business Organizations
18.10.2023
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A type of partnership where all partners have limited liability.
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A limited partnership, where at least one general partner must have unlimited liability and limited partners cannot be part of management.
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акціонер
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Service companies includes:
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Merchandising companies purchase goods that are ready for sale and sell them to customers.
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They include such companies as auto dealerships, clothing stores, and supermarkets.
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Manufacturing companies purchase goods that are ready for sale and sell them to customers.
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A ............. is a business owned by two or more persons associated as partners.
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A .............. is a big business owned by a few persons or by thousands of persons.
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The owners of the corporation are called shareholders or stockholders.
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The stockholders do not directly manage the corporation; they elect a board of directors to represent their interests. The board of directors select the president and vice president, who manage the corporation for the stockholders.
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In a single proprietorship, the owner isn't responsible for all debts of the business.
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Advantages of partnership :
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фіктивна компанія
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підприємство
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