What are the three types of firms? Explain the major advantages and disadvantages of each. The...

Question

Question

Answer 1

Answer #1

Ans: Proprietorship, partnership, and corporation.

Explanation:

Sole proprietorship is a business owned by only one person.

Partnership is a business owned by two or more person.

A corporation is a business entity that has a separate legal entity from its owners.

Answer 2

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