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Why should you be familiar with the balance sheet?

1. Write a business plan for a change, piece of equipment, or new process needed at your work.

2. Why should you be familiar with the balance sheet? Why is it important to the organization? And what area of the balance sheet would you consider the most critical?

3. Comparing costs in this chapter, which costs do you have little control over and why? Which costs would be most important if you are expanding your services?

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