BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Venture
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Sole proprietorship
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Partnership
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Corporation
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Detailed explanation-1: -An overview of the four basic legal forms of organization: Sole Proprietorship; Partnerships; Corporations and Limited Liability Company follows.
Detailed explanation-2: -There are three common types of businesses-sole proprietorship, partnership, and corporation-and each comes with its own set of advantages and disadvantages.
Detailed explanation-3: -Limited unregistered business is not a principal form of business organization. This type of business formation does not exist. Partnerships, sole proprietorship and corporations are all valid forms of business organizations.
Detailed explanation-4: -(b)Creditorship is not a form of business organization. The other choices are incorrect because(a)soleproprietorship, (c) partnership, and (d) corporation are all forms of business organization.