ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sole Proprietorship
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Partnership
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Corporation
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Conglomerate
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Detailed explanation-1: -Disadvantages of partnership, on the other hand, include potential liabilities, a loss of autonomy, emotional issues, future selling complications, and a lack of stability.
Detailed explanation-2: -When compared to a corporation, one of the major disadvantages of the partnership is its limited life. Each partner has a separate capital and withdrawal account. The salary allocation to partners used in dividing net income would also appear as salary expense on the partnership income statement.
Detailed explanation-3: -It may be more difficult to borrow money than with a corporation or LLC. It may be easier to transfer an interest in a corporation or LLC than an interest in a limited partnership. More items •27-Feb-2023
Detailed explanation-4: -Breakdown in trust. Company struggles. Different priorities. Financial inequity. Investment levels. Lack of boundaries. Management style. Personal habits. More items •13-Apr-2021