Question

“None of the four forms of business organization has all the features of an ideal form of business organization”. Critically evaluate the statement.

Answer 1

Forms of business organization are:--

> Sole proprietorship
> Partnership business
> Limited Liability Company (LLC)
> Coporation

Answer 2

There are five forms of business organizations that is; sole proprietorship, partnership, companies corporations and Government agencies.

Out of all these non of them has a complete features of a business organization.

Take note that all this are formal institutions and due reorganized by the government and relevant bodies .

There exists other form of business organization whose hasnt yet been established

ee