LO1

Define the three common business forms.

LO2

List and describe the seven departments commonly found in most organizations.

LO3

Describe a transaction and its importance to the accounting department.

LO4

Identify the four primary financial statements used by most organizations.

LO5

Define the relationship between sales and marketing, along with a brief discussion of the marketing mix.

LO6

Define business process reengineering and explain how an organization can use it to transform its business.