Question: 7. What is the monetary unit assumption? 8. What is the economic entity assumption? 9. What are the three basic forms of profit-oriented business organi-

7. What is the monetary unit assumption? 8. What is the economic entity assumption? 9. What are the three basic forms of profit-oriented business organi- zations? 10. Juana Perez is the owner of a successful printing shop. Recently, her business has been increasing, and Juana has been thinking about changing the organization of her business from a proprietorship to a corporation. Discuss some of the advantages Juana would enjoy if she were to incorporate her business

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