According to our textbook, a silent partner is known by the…

According to our textbook, a silent partner is known by the public and not active in managing the partnership. An individual may seek to be a silent partner to add name recognition to a firm and to continue having the advantage of limiting liability in the enterprise. 

According to our textbook, in addition to these five forms, s…

According to our textbook, in addition to these five forms, strategic alliances are also used by agribusinesses as a form of business organization. Strategic alliances can take a variety of forms and represent an important way that food and agribusiness firms can work together.

According to our textbook, proprietorship gives the individu…

According to our textbook, proprietorship gives the individual owner complete control over the business, subject only to government regulations that are applicable to all businesses of that particular type. The owner exerts complete control over plans, programs, policies, and other management decisions.