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ACTIVITY (Preferred term)
The second level of a business classification scheme. Activities are the major tasks performed by an organisation to accomplish each of its functions.
An activity is identified by the name it is given and its scope note. The scope of the activity encompasses all the transactions that take place in relation to it. Depending upon the nature of the transactions involved, an activity may be performed in relation to one function, or it may be performed in relation to many functions.
Source: National Archives of Australia - Glossary of records management terms