Office

An office is a space where the members of an organization perform administrative work in order to support and realize the various goals of the organization. The word "office" may also denote a position within an organization with specific duties attached to it ; the latter is an earlier usage, as "office" originally referred to the location of one's duty. In its adjective form, the term "office" may refer to business-related tasks.

In law, a company or organization has offices in any place where it has an official presence, even if that presence consists of a storage silo.
For example, instead of a more traditional establishment with a desk and chair, an office is also an architectural and design phenomenon, including small offices, such as a bench in the corner of a small business or a room in someone's home, entire floors of buildings, and massive buildings dedicated entirely to one company.
In modern terms, an office is usually the location where white-collar workers carry out their functions.

Back to Business Finance →

Source: Wikipedia · Image: Wikimedia Commons · CC BY-SA 4.0