The Filesystem Hierarchy Standard entry in Wikipedia helped me answer the same question when I had it, plus it has a very explanatory table.
Excerpt from that page1:
/bin Essential command binaries that need to be available in single user mode; for all users, e.g., cat, ls, cp. /usr/bin Non-essential command binaries (not needed in single user mode); for all users. /usr/local Tertiary hierarchy for local data, specific to this host. Typically has further subdirectories, e.g., bin, lib, share /usr/sbin Non-essential system binaries, e.g., daemons for various network-services. /sbin Essential system binaries, e.g., fsck, init, route.
1 Retrieved on June 19, 2019; permalink.