This True-False Question Requires Recognition

question 199

True/False

This true-false question requires recognition.

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Definitions:

Minority-Owned

Refers to a business that is at least 51% owned, operated, and controlled on a daily basis by one or more (in combination) racial or ethnic minorities.

Small Businesses

Enterprises characterized by smaller sizes in terms of employees and revenues, playing a crucial role in economic development and innovation.

SBA Programs

Initiatives and services offered by the Small Business Administration to support and assist small business development and growth in the United States.

Set-Aside Program

Component of a government contract specifying that certain government contracts (or portions of those contracts) are restricted to small businesses and/or to women- or minority-owned companies.