Explain why general corporations have become the dominant form of the different types of business ownership.
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- What is the role of the board of directors in a corporation?(1) How many sole proprietors do you know? Do theyseem satisfied with the choice of working forthemselves? Why or why not? (2) Would you everconsider going into business as a sole proprietor?Why or why not?Explain six major disadvantages of incorporating a business as a corporation.
