Home /
Expert Answers /
Accounting /
forms-of-business-organization-match-the-following-forms-of-business-organization-with-the-set-of-a-pa255
(Solved): Forms of Business Organization Match the following forms of business organization with the set of a ...
Forms of Business Organization Match the following forms of business organization with the set of attributes that best describes that form of business: sole proprietorship, partnership, or corporation, a. Shared control unlimited liability, tax advantages, increased skilis and resources b. Best for rabsing large amounts of funds, double tavation, limited liability, easiest to transfer ownership interests 6. Sole ownership, easuest to establish, tax advanteges, unlimeted liablity
Expert Answer
(A) The Statement is - Shared Control, unlimited liability, tax advantages, increased skills and resources. The form of business organization is PARTNERSHIP FIRM. As it clear cut says that control is shared, therefore it can't be Sole proprietorship. Also Liability is Unlimited, hence it can't be a Corporation.Partnership is an unincorporated business with two or more owners who share business responsibilities, profit and losses.