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BUS 241 Test 1 Review Question and answers verified to pass 2025/2026
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---6October 20252025/2026A+
- BUS 241 Test 1 Review Question and answers verified to pass 2025/2026 
 
Is accounting an information system? If so, what is its function? - correct answer Yes, it is a system. It collects, records, and summarizes information. 
 
Know the three types of businesses. Be able to identify specific businesses as one of the three. - correct answer Service, Merchandise and Manufacturing. 
 
Know the four ways to organize a business and their order - correct answer Proprietorship ---> Partnersh...
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