Using the Textbook's Criteria for Defining a Small Business, Portland

question 28

Multiple Choice

Using the textbook's criteria for defining a small business, Portland Ceramics isn't a small business if it

• A) is financed by one or only a few individuals.
• B) is considerably smaller than larger firms in the industry.
• C) is engaged in geographically dispersed operations.
• D) has fewer than 100 employees.

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Definitions:

Factory Equipment

These are fixed assets used in the production process to manufacture goods, including machinery, tools, and vehicles.

Total Assets

Total assets represent the sum of everything of value owned by a company, including cash, investments, property, and equipment.

Current Stockholders' Equity

The total value of all shareholders' interests in a company, based on current financial statement data.

External Exchange

External Exchange involves the trading or swapping of goods, services, or financial assets between entities across different economies or markets.