1
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What are the key differences between the potential life of a business that is formed as a sole proprietorship and that of a business set up as a corporation?
2
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What are the most common types of firms that are organized as limited liability partnerships?
3
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What advantages does a sole proprietorship offer?
4
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What are major disadvantages of a sole proprietorship?
5
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If a company wishes to limit the liability of some of its investing partners, what form of business might it consider? Explain briefly.
6
.
In order to form a corporation, what is the most important document required?
7
.
What is the difference between a shareholder and a stakeholder?
8
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What group within a corporation has the primary responsibility for protecting the interests of shareholders?
9
.
What is corporate governance?
10
.
What role does a corporation’s board of directors play in corporate governance?
11
.
Briefly explain the concept of corporate governance.
12
.
What is the key component of agency theory, and why might this be more important to a public company than to one that is privately held?