GigaOm also points out that FireChat's a kickass app for big summer festivals like Burning Man, since cell reception is notoriously garbage and it's hard to find friends or locate stuff like water or beer tents when you can't use iMessage or Twitter.
Business Unit or BU refers to a division, facility or department of an organization. 1  Examples of business units include retail outlets and human resource department.
Business Entity Concept. The business entity concept, also known as the economic entity assumption, states that all business entities should be accounted for separately. In other words, businesses, related businesses, and the owners should be accounted for separately. Even though the tax law looks at a sole proprietorship and the owner as one entity, GAAP disagrees.