Chapter 1, Problem 8Q

Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following:

A. the primary purpose of the entity

B. the types of activities that accountants would record (hint: what is the source of the business’ funding, and what costs might the business have?)

C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process