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- 1. Enumerate and describe the different forms of business organization. 2. Enumerate and describe the types of business. 3. Explain the basic issue of the social responsibility of a business.2 What are the main types of business entities? Please explain the positives and negatives of each. Be specific about the positives and negative (meaning explain them).Why is it important for a business owner to understand the 3 principal forms of a business organization? The principal forms of a business include sole proprietorship, partnership, and a corporation.
- Why is it important for a business owner to understand the 3 principal forms of a business organization?1. Define business then describe the 4 factors of production. 2. Enumerate and describe the types of business. 3. Explain the basic issue of the social responsibility of a business. 4. Enumerate and describe the different forms of business organization.Why are not-for-profit organizations different from most businesses? Are there any similarities between a goods-producing business and a not-for-profit organization?