An organization is a type of business The definition of the time period varies by nation. 17 Accounting, which has been known as the “language of business”, 18 measures the results of an organization’s economic activities and conveys this data to a variety of users, including investors , collectors , administration , and regulators 19 Practitioners of accounting are often known as accountants The terms “accounting” and “financial reporting” are often used as synonyms.
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Franchising is a form of business during which a person or small business, often called a “franchisee,” is given the appropriate to use the identity, and promote the products or services of, another agency generally known as the “franchisor.” The probabilities of success for the franchisee are excessive for the reason that business is already established and successful, however a small portion of the earnings must go to the franchising firm.