The information learned today was more about the costs of starting a business.  Things like marginal cost, variable costs and fixed costs.  We looked at other units of measure such as economics of one unit.  We basically looked at what a business would cost.  We also talked about some of the most of the common fixed costs that are known as USAIIRD.  We learned about how much is needed to make to break even in a business.  We also learned about some basic accounting terms such as accrual method and auditing.

Reflection: The information learned today helps me understand how to look at the number side of a business.  I will need to look at how much the costs are and make sure my pricing on my business will cover the business' costs.  This information is important to what I will be doing in my business.  It is important because I will need to know some of the basics of costs, and spending of my business.  I think the information will help me because it makes me look at the costs side of the business.  After today, I will look more into depth of my business costs and make sure the price of my products will cover those costs.  I feel very confident about a business after the first week of class.