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Why is financial information important for entrepreneurs? Briefly describe the key financial statements and what they mean for entrepreneurs. What

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  1. Why is financial information important for entrepreneurs? Briefly describe the key financial statements and what they mean for entrepreneurs.
  2. What are the benefits of the budgeting process? Why is the budgeting process so important for entrepreneurs?
  3. What are some of the social and ethical responsibilities small business owners have in choosing and operating their business?

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