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Assignment #1 1- Define the following concepts: Accounting, Business, Finance, Transactions, Financial performance, Financial position, Financial statements, Internal & External users, Risk, Interest, Dividend, Retained earnings, Sole proprietorship, Partnership, Corporation. 2. Define Business Finance. 3- Define Financial System. 4- Differentiate between accounting and finance? 5- Define financial market. Explain its various types. 6- What is capital allocation process. Explain its three ways. 7. What is financial institution/intermediary. Give examples (only names). 8- What are the financing activities, investing activities, & operating activities