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Accounting - Understanding the Different Forms of Business Ownership and Their Advantages and Disadvantages
Objectives:
  • Identify and explain the different forms of business ownership.
  • Understand the advantages and disadvantages of each form.
  • Develop a working knowledge of the accounting process.
Age Level: Late secondary school/junior college

National Standards: Complies with NBEA Accounting 2023 Standard III.1.6 State and explain the different forms of business ownership and the advantages and disadvantages of each form.

Materials:
  • Whiteboard or chalkboard
  • Markers or chalk
  • Index cards
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