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The operating cycle is a micro look at the day-to-day operations of a business, and a business life cycle is a macro look at

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The operating cycle is a "micro" look at the day-to-day operations of a business, and a business life cycle is a "macro" look at how businesses generally grow and develop over time. O True False D Question 4 10 pts The two primary reasons for choosing a legal entity are taxes and personal liability. True O False

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