Identification should include
- cash flow statement
- balance sheet
- assets
- liabilities
- ownership equity
- income statement
- revenue
- expenses
- profits/losses.
Process/Skill Questions:
- Why is it important to have a business plan?
- Why is it important to analyze one’s return on investment?
- How are financial statements used to make business decisions?
- What is the purpose of a balance sheet? Income statement? Cash flow statement?