Which of the following best describes a standard for Business Days?

The correct answer describes business days as those that exclude weekends and holidays. This is the most widely accepted definition used in various business transactions, banking, and legal contexts. When organizations refer to "business days," they typically mean the days on which commercial activities can take place, which are Monday through Friday, omitting public holidays.

Understanding this definition is essential because many deadlines, services, and transaction processes are based on the count of business days. For example, if a payment is due "within five business days," it means that the countdown begins on a business day and skips over Saturdays, Sundays, and any public holidays.

The other options do not accurately capture the standard definition of business days. While some choices touch on relevant concepts, they do not encapsulate the widely accepted understanding regarding the specifics of business day calculations.