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  • 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.
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