Order of arithmetical operations is called BIDMAS meaning Brackets, Indices, Division, Multiplication, Addition followed by Subtraction.
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Why is it important to be able to identify sets and set theory as related to business operations?
Because if you did operations in an impermissible order, or violated laws of operations, then your solution to the equation is wrong.
Because if you perform the operations in a different order your answer will be wrong.
The order of operations relate to solving multi-step equations because you are following the order of operations just in a backwards way.
The last two operations in P.E.M.D.A.S are 'addition' and 'subtraction'.