The term "business" typically includes large organizations, such as General Motors), which seek a profit, but does not include individuals who are self-employed, e.g., a carpenter, or a beautician who operates a shop in her home.

Question

Quizplus · Accepted Answer

The statement is false. Individuals who are self-employed and operate a business, such as a carpenter or a beautician, are still considered businesses even if they do not have a large organization or seek a profit.

The Term "Business" Typically Includes Large Organizations, Such as General