- Describe the following 3 types of business organizations: sole proprietorships, partnerships, and corporations.
- Describe 1 advantage and disadvantage for each of the 3 types of business organizations.
- Describe the key users (i.e., sole proprietor, partnership, board of directors, CEO, COO, CFO, managers, etc.) of financial information.
- Explain the types of day-to-day business decisions made by using financial statements.