Question

Business rules apply to businesses and government groups, but not to other types of organizations such as religious groups or research laboratories. true false

Answer 1

Business rules apply to businesses and government groups, but not to other types of organizations such as religious groups or research laboratories. this statement is false.

A company is defined as an organization or company engaged in commercial, industrial, or professional activities. A business can be either a commercial enterprise or a non-profit organization. Legal forms range from limited liability companies to sole proprietors, corporations and partnerships.

Business improves quality of life in two ways. First, we provide quality goods and services to people who need them for their enjoyment, comfort and health. Second, businesses provide people with employment opportunities through which they generate income and improve their quality of life. SMEs are important because they provide entrepreneurial opportunities and produce more satisfying and meaningful work than positions in large, traditional companies. Boost your local economy, keep money closer to home, and support your neighborhood and community.

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