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What is the team approach to departmentalization, and what are its main disadvantages?
Financial Information
Data about a company's past, present, and future financial health and performance.
Financial Statements
Reports that provide a summary of a company's financial performance and position, including balance sheet, income statement, and cash flow statement.
Proprietorship
Proprietorship, also known as a sole proprietorship, is a business owned and operated by one individual, where there is no legal distinction between the owner and the business entity.
Personal Assets
Assets owned by an individual, including property, cash, and investments, that are not associated with any business activities.
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