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Chapter 6

Types of Business Organisation

Chapter learning objectives

Upon completion of this chapter you will be able to:

 distinguish between different types of business organisation

 explain the meaning of the different types of partnership

 in relation to general or ordinary partnerships:

– discuss how they are established

– explain the authority of the partners in relation to partnership activity

– outline the liability of the partners for partnership debts

– explain the ways in which they can be brought to an end.

The underpinning detail for this Chapter in your Workbook can be found in
Chapter 6 of your Study Text

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