chapter 1

asdf asdf English 2 pages

Content of the notes (2)

1.1 The Business Environment

Business = Organization that provides goods and services for money.

Businesses need reliable accounting information to make resource allocation decisions.

Businesses need to perform five critical tasks to compete against other businesses successfully:

Create strategic goals

Secure financial resources

Deploy capital to make investments

Carry out day-to-day business operations

Continuously improve or refine their strategic goals and business operations