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C928 - WGU IT Finance (Lesson Summaries). Questions & Answers. VERIFIED What is a business? (Lesson 1) - -A business provides goods or services (outputs) to customers with the objective of earning a profit. Three types of businesses include service, merchandising, and manufacturing businesses. Accounting is an information system that provides reports to users about the economic activities and condition of a business. Ethics are moral principles that guide the conduct of individuals....

C928 - WGU IT Finance (Misc. Items), Questions & Answers. VERIFIED. Horizontal, Vertical, Liquidity, and Profitability Analysis Compared - -Vertical analysis compares each component in a financial statement to a total within the statement. Horizontal analysis compares the amount and percentage of each item on the most recent statement to the same item on an earlier statement. Liquidity analysis evaluates the ability of a company to convert current assets into cash. Profitability analys...

C928 - WGU IT Finance (Lesson Summaries). Questions & Answers. VERIFIED What is a business? (Lesson 1) - -A business provides goods or services (outputs) to customers with the objective of earning a profit. Three types of businesses include service, merchandising, and manufacturing businesses. Accounting is an information system that provides reports to users about the economic activities and condition of a business. Ethics are moral principles that guide the conduct of individuals....