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Based on the criteria listed below, compare each of the four legal structures (Discuss each of
the four legal structures of a business under each criterion and give real-world examples). (32 points)
Resource Acquisition
Continuity of Existence
Liability of Owners
Participation in Management
Compensation of Management
Transferability of Ownership
Record Keeping
Tax Planning
Which position is more important to an organization, line, or staff? Why? Could anorganization function with only one of these kinds of positions? Why or why not