BASIC FORMS OF BUSINESS ORGANISATION

1.0 INTRODUCTION There are three main forms of business organizations- the Sole proprietorship, Partnership, and Limited Liability Company. Each of these has its own distinguishing features/characteristics, as well as merits and demerits. 2.0 OBJECTIVES After studying this Unit, you should be able to:  List the three basic forms of business organizations.  Identify their features 3.0…

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BASIC FORMS OF BUSINESS ORGANISATION

1.0 INTRODUCTION There are three main forms of business organizations- the Sole proprietorship, Partnership, and Limited Liability Company. Each of these has its own distinguishing features/characteristics, as well as merits and demerits. 2.0 OBJECTIVES After studying this Unit, you should be able to:  List the three basic forms of business organizations.  Identify their features 3.0…

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SOURCES OF BUSINESS FINANCE

1.0 INTRODUCTION Financial sources or funds available to a business organization could be classified into short-term, medium term, and long-term, or into short-term and long-term. Sources of funds available to business organizations could be classified into two main categories:  Internal  External These categories have different types of sources, that is a firm can generate funds…

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FINANCE AND RELATED DISCIPLINES

1.0INTRODUCTION The subject of finance is not only discussed, but is part of all disciplines and all facets of socio-economic activities of humans. Finance has evolved to assume a very important position in the decisional process of households, businesses, governments and other non-business organisations. No financial decision can be efficiently and effectively implemented without financial…

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FINANCE IN THE FIRM’S ORGANIZATION STRUCTURE

1.0 INTRODUCTION The subject of finance is not only discussed, but is part of all disciplines and all facets of socio-economic activities of humans. Finance has evolved to assume a very important position in the decisional process of households, businesses, governments and other non-business organisations. No financial decision can be efficiently and effectively implemented without…

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SCOPE OF FINANCE

1.0 INTRODUCTION In this unit of the course, we will discuss the scope of finance to be reached, emphasizing on the relevant areas of concern because finance is a wide area of studies with much interrelationship in business. It is part of management. 2.0 OBJECTIVES At the end of this unit, you should be able…

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THE FINANCE FUNCTIONS

1.0 INTRODUCTION In this unit, you will be introduced to finance functions in the various stages of activities of a business organization. You may recapitulate that in the business cycle figure drawn in Unit 1, you were shown the functional movement of funds/financial activities through investment to cash, production of goods and services, given their…

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