0
What major advantages of corporations have given rise to their dominance as form of business organization?
The biggest advantage is that the owners can reduce their personal risk while maintaining individual profit.
For example, if you incorporate, and the corporation goes out of business owing money, then the creditors (people that are owed money) have to go after the corporation's assets, and not the owners. The same applies in a lawsuit.
If a person has a sole proprietorship, and they go out of business, they can lose their personal assets such as their house to creditors.
What else can I help you with?
Advantages of business administration course?
Taking a business administration course will help you understand the purpose of your organization. Business administration courses aren't just for business students.
What are the advantages and disadvantages of the corporation as a form of business organization?
Advanatages: Limited Liability, Ease of transferability, ability to raise capital, unlimited life (perpetual lifetimes) Certain expenses are tax deductible Disadvantages: Double Taxation, Forming a corporation costs more, States have higher fees, more state and federal regulations and oversight
Advantages and disadvantages of business forecasting?
One advantage of business forecasting is that it offers the business with essential information that can be used for decision-making regarding the future of the organization. One disadvantage forecasting is not always accurate. A bad forecast may break an organization.
Who develops the most general goals and policies for the organizations or businesses?
In small businesses the owners create the business policies. In larger corporations, executive managers establish the business policies based on the strategic direction of the organization.
Why do people create corporations?
People create corporations to limit personal liability, as the corporation is a separate legal entity that protects owners' personal assets from business debts and lawsuits. Additionally, corporations can raise capital more easily through the sale of stock, facilitating growth and expansion. They also benefit from potential tax advantages and can enhance credibility with customers and investors. Lastly, corporations offer a structured management framework, which can help in efficiently organizing and operating a business.
What The most expensive form of business organization?
Corporations.
Which form of business organization is dominant in terms of business receipts and net profits?
Corporations
Large business organization consisting of several large corporations?
Trust
Which legal form of business organization is dominant in terms of business receipts and net profits?
Corporations
What advantages do corporations have over small businesses?
List two advantages that corporation have over a small business
Which form of business organization accounts for the largest proportion of business sales in the US?
Sole Proprietoships and Corporations.
What are the principal forms of business organization?
The principal forms of business organization include sole proprietorships, where one person owns the business, and corporations, which are legal entities separate from their owners, often with shareholders and a board of directors.
In the US economy today the vast bulk of the producing capability is owned by what type of business organization?
corporations
What four advantages did corporations have over small business?
Raw material discountsReduction of unit costSpecialistsBetter production methods(OW)
What statement concerning corporation in the US after 1865 is most accurate?
corporations became a dominant form of business organization.
What has the author Homer Cherrington written?
Homer Cherrington has written: 'Business organization' -- subject(s): Corporation law, Corporations
What is the main Disadvantage Of Corporations As Compared With Other Forms Of Business Organization Involves?
Shareholders may remove the original owners from a corporation.
