Question: List and briefly explain three forms of business ownership
List and briefly explain three forms of business ownership.
Answer to relevant QuestionsHow does a limited partnership differ from a general partnership? Barry McGuire wants to purchase a dry-cleaning establishment. Barry has heard of the SWOT analysis and wants to use this methodology to determine whether he should purchase the business. He found the following information: ...What is the primary difference between the income statement of a sole proprietorship or partnership and the income statement of a corporation? If a company finds that its fixed asset turnover (net sales/fixed assets) has fallen to less than 1, what does this indicate? List and briefly describe the five categories of business ratios.
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