BU111 Lecture Notes - Lecture 24: Absolute Advantage, Financial Statement, Opportunity Cost
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BU111 Full Course Notes
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Bu111 - lecture 24 - political factors (continued) Public (anyone can buy shares from the stock market, and own the company) Public (hand-to-hand transactions which are unavailable to the public) Dividends will come to you as a result of the business doing well) Form of ownership will likely change over life of business. Owned & operated by one person, business and owner = one legal entity (no distinction between the two) Complete control over profits and decisions - (don"t have to consult with anyone, nobody is entitled to express an opinion you have to listen to) Government makes it really easy to create one. Supports and gives lots of free advice (want to see them be successful) Difficult to obtain outside financing - don"t have venture capitalists and angel investors, bank won"t provide money unless you give a personal guarantee.
