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How does implementing information systems impact business processes?
Corporation
A legal entity that is separate from its owners and shareholders, which can own assets, incur liabilities, and conduct business.
Government Entity
An organization operated by the government.
Authoritative Body
An organization or institution that sets standards or rules in a specific field, exerting control or influence.
Accounting Principles
The rules and guidelines that companies must follow when reporting financial data, ensuring consistency, reliability, and comparability of financial statements.
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