between stakeholders with a direct versuszation or business?an indirect interest in the companies that $+8$: How do financial and managerial account$-$issue accounting reports.ing differ?$2.$ Why is accounting called the language of$9.$ Describe a not$-$for$-$profit or nonprofitbusiness?enterprise. What is the motivation for this$3.$ What is the primary mechanism used to type of entity? allocate resources in the United States?X $10.$ What are the U$.$S$.$ rules of accounting$4.$ In a business context, what does the term information measurement called?market mean?$11.$ Explain how a career in public accounting$5.$ What market trilogy components are in$-$differs from a career in private accounting.volved in the process of transforming$12.$ Distinguish between elements of financialresources into finished products?statements and accounts$\mathrm{.}6.$ Give an example of a financial resource, a $13.$ What role do assets play in business physical resource, and a labor resource.profitability?$7.$ What type of return does an investor ex$-14.$ To whom do the assets of a businesspect to receive in exchange for providing belong? financial resources to a business? What$15.$ What is the nature of creditors' claims ontype of return does a creditor expect fromassets?