Which statement is true about company-specific definitions?

The correct statement regarding company-specific definitions is that they may be excluded in standalone companies. This reflects the practice where certain definitions or configurations are tailored specifically to a particular company within the system, allowing for flexibility in how different entities operate. In a standalone company context, these definitions might not be applicable or necessary, enabling organizations to customize their setup according to their individual requirements.

This approach helps ensure that businesses can maintain unique operational guidelines and standards that are relevant to their specific needs without being constrained by broader, uniform definitions that may not suit every entity.