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In 1916,David Sarnoff sent his ideas on how to make radio a "household utility" to his superiors at American Marconi.This now-famous memo is called the
Business Entities
Legal structures that are allowed to engage in business, such as corporations, partnerships, and sole proprietorships.
Liabilities
Financial obligations or debts owed by a business to creditors, which must be settled over time through the transfer of assets, provision of services, or other economic benefits.
Assets
Resources owned by a company that have future economic value that can be measured and can be used to generate income.
Equity
The value of an owner’s interest in a property or a company, after all debts and liabilities have been deducted.
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