The Small Business Administration defines a small business as one that is _____.
A)either a for-profit or not-for-profit organization
B)not dominant in its field
C)has no more than 100 employees
D)owned and operated by a multinational company

Question

Quizplus · Accepted Answer

The Small Business Administration defines a small business as one that is not dominant in its field, regardless of whether it is a for-profit or not-for-profit organization, and may have more than 100 employees. Option A is incorrect because a not-for-profit organization can also be considered a small business. Option C is incorrect because a small business can have more than 100 employees. Option D is incorrect because a small business cannot be owned and operated by a multinational company.

The Small Business Administration Defines a Small Business as One