Glendale Community College » Business Administration » Busad 158 - Run Your Own Business » Spring 2023

Question #1

As defined in the book, one common characteristic of small businesses is that it employs less than ______ employees.

A. 300

B. 200

C. 100

D. 250

Question #2

According to the Small Business Administrations (SBA), whether a company is designated as small or large may depend on the ______.

A. type of people the business employs

B. industry of the business

C. number of business owners

D. amount of debt the business carries

Question #3

Which type of business employs the greatest number of Americans?

A. franchises

B. corporate businesses

C. government firms

D. service businesses

Question #4

What is true about small businesses?

A. They have roughly 200 employees.

B. They comprise a very small portion of the U.S. economy.

C. They are mostly manufacturing businesses.

D. They employ nearly half of all private sector employees.