Describe a relationship you have with a service business. Provide specific examples. 2. Describe a relationship you have with a merchandising business. Be specific - discuss a real-world example. 3. Describe a relationship you have with a manufacturing business. Again, provide specifics. 4. Discuss the similarities and differences between proprietorships, partnerships, corporations, and LLC's. Provide examples that are unique from your classmates in your discussion. 5. Why do businesses need to follow accounting principles? What is accounting's role and what are some of its primary purposes? What is accounting often called, and why is it often called that? What accounting principles have you observed being followed at your current or past employers? Which of these activities directly involved you or work that you have done?