Business entities include nonfinancial and financial enterprises. Nonfinancial enterprises manufacture products (e.g., cars, steel, computers) and/or provide nonfinancial services (e.g., transportation, utilities, computer programming).

Question

Quizplus · Accepted Answer

This statement is true. Business entities can be categorized into nonfinancial and financial enterprises, with nonfinancial enterprises being involved in the production of goods or provision of services.

Business Entities Include Nonfinancial and Financial Enterprises