Respond to the following in a minimum of 175 words:
Choosing the form of business to create is one of the most important decisions an enterprise makes. The extent of liability and control the owner will have depends on the form of the business. Differentiate among the major forms of business organization and describe what you consider to be the top 2 advantages and disadvantages of each form. Address the regulatory and financial statement differences of each form of business.
1 Critical analysis and evaluation of theories and approaches to leadership Behavioral leadership theory Behavior theory measures the changes in behavior and its advantage is that it define behavioral clearly. According to the law of parsimony the behavioral theory is more credible. Higher-level motivation, emotion are not explained in the behavioral theory. The behavioral theory is assumed as one dimensional approach of human behavior. No other theory explained the behavior of human in changing environment. Transactional leadership theory Transactional theory is applied in organization to reward and promote the employees. In transactional theory every employee is important to the organization as they work for the business growth of the company. The Vodafone follows this theory to reward the employees which motivates them to perform well. Chaos Management theory Chaos theory is detecting the early warning in the system which is most difficult task. If the team is slower in accomplishing tasks, then a critical situation arises in the system. Lack of people management and poor skills of project manager will leads to chaos situation. The manager who schedule the plan in management and change the management policies with his intelligent will overcome the critical situation in the organization. The manager should promote the positive transition over negative transitions in critical time of the organization. Management by objectives>GET ANSWER