which statement about business regulations is accurate?\nsmall businesses are only obligated to follow local…

which statement about business regulations is accurate?\nsmall businesses are only obligated to follow local regulations.\ngovernment - based businesses are required to apply federal regulations.\nhigh - profit businesses focus on meeting state regulations annually.\nall businesses are subject to local, state, and federal regulations.

which statement about business regulations is accurate?\nsmall businesses are only obligated to follow local regulations.\ngovernment - based businesses are required to apply federal regulations.\nhigh - profit businesses focus on meeting state regulations annually.\nall businesses are subject to local, state, and federal regulations.

Answer

Answer:

All businesses are subject to local, state, and federal regulations.

Brief Explanation:

Businesses of all types and sizes must comply with local, state, and federal - level regulations, which cover various aspects like licensing, taxes, and labor laws. Small businesses are not only obligated to local regulations, and high - profit businesses don't just focus on state regulations. Also, there's no requirement for all businesses to apply federal regulations annually in a general sense as described in the other options.