A business rule is a statement that defines or constrains some aspect of a business. It is a set of conditions or guidelines that dictate how a business should operate and make decisions. Business rules help to ensure that a business is run consistently and effectively, and that everyone involved in the business is aware of what is expected of them.
Business rules can cover a wide range of topics, including:
- Financial transactions: rules for managing and recording financial transactions, such as how to process invoices or how to handle expense reports.
- Operations: rules for running the day-to-day operations of a business, such as how to manage inventory or how to handle customer complaints.
- Compliance: rules for ensuring that a business complies with regulations and laws, such as data privacy regulations or employment laws.
- Ethics: rules for promoting ethical behavior and decision-making, such as codes of conduct or policies on conflicts of interest.