PowerPoint_Slides_ACC_210_--_Introduction_to_Business

PowerPoint_Slides_ACC_210_--_Introduction_to_Business -...

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Learning Objectives Explain the purpose of business organizations Explain and contrast ownership structures of business organizations Explain and contrast types of businesses Explain and contrast different business strategies Explain and contrast the primary types of business activities Explain what an account is and how it helps in the recording process Define debits and credits and explain how they are
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Objectives of Business Providing a product or service that benefits the community Providing employment opportunities for individuals living in the community Generating investment earnings for owners/investors
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Selection of Organizational Structure Factors Formation Control Profit Sharing Taxation Liability Resources
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Forms of Organizational Structures Sole Proprietorship Owned by one person Formation is simple and relatively inexpensive Owner is personally liable for the obligations of business Owner pays taxes of business Issues with transfer of business Limited financial and human resources
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PowerPoint_Slides_ACC_210_--_Introduction_to_Business -...

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