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- 8. Step One Looking at events that have taken place and thinking about how they affect the business. ANALYZING
- 9. Step Two Entering financial information about events into the accounting system. RECORDING
- 10. Step Three Sorting and grouping similar items together rather than merely keeping a simple, diary-like record of numerous events. CLASSIFYING
- 11. Step Four The aggregation of many similar events to provide information that is easy to understand. SUMMARIZING
- 12. Step Five Telling the results. Use of numbered tables in accounting is common. REPORTING
- 13. Step Six Deciding the meaning and importance of the information in various reports. INTERPRETING
- 24. Service Business A business that provides a service. Travel Agency Physician Computer Consultant
- 25. Merchandising Business A business that buys a product from another business to sell to customers. Department Store Jewelry Store Pharmacy