TRUE, BUT -- Mitt Romney has joined the ranks of candidates claiming great credit for budget balancing. In current ads, the candidate notes that as governor of Massachusetts, he "balanced the budget every single year." As if he had a choice, and this was a great accomplishment. A quick check of the state web site shows, however, that under Massachusetts law, the budget "must be balanced."
DIFFERENCES -- The terms business and industry are often used interchangeably. But are they? A business can be a single firm, from a corner store to a transnational corporation, or a group of firms conducting similar operations. Texans take pride in their "awl bidness." And Mad Ave execs speak of the "advertising industry." Careful writers, however, will use separate contexts. Put it this way: Industry deals with manufacturing and production, while business refers to sales and service.
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