Lecture Business (4/e): Chapter 4 - Ferrell, Hirt, Ferrell

Chapter 4 - Options for organizing business. Learning objectives of this chapter include: Define and examine the advantages and disadvantages of the sole proprietorship form of organization; identify three types of partnership and evaluate the advantages and disadvantages of the partnership form of organization; describe the corporate form of organization and cite the advantages and disadvantages of corporations; define and debate the advantages and disadvantages of mergers, acquisitions, and leveraged buyouts.

Part 2

Starting and Growing a Business

© 2015 McGraw­Hill Education.

CHAPTER 4 Options for Organizing Business

CHAPTER 5 Small Business, Entrepreneurship, and

Franchising

Learning Objectives

LO 4-1 Define and examine the advantages and disadvantages

of the sole proprietorship form of organization

LO 4-2 Identify two types of partnership, and evaluate the

advantages and disadvantages of the partnership form of organization

LO 4-3 Describe the corporate form of organization, and

cite the advantages and disadvantages of corporations

LO 4-4 Define and debate the advantages and

disadvantages of mergers, acquisitions and leveraged

buyouts

Sole Proprietorships

Partnerships

Partnerships

Corporations

Corporations

Types of Corporations

Types of Corporations

Types of Corporations

There are two types of public corporations

Elements of a Corporation

Corporations

Other Types of Business Ownership

Trends in Business Ownership