Which of the Following Is True of the Small Business

question 69

Multiple Choice

Which of the following is true of the Small Business Administration?

• A) It offers environmentally friendly products for commercial sale.
• B) It generally requires a substantial return as either equity or profit.
• C) It helps small firms find financing at reasonable rates.
• D) It allows small businesses to reap tax advantages by selling stock shares to workers.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset, over its useful life, up to the current date.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life, used in calculating depreciation.

Discarded

Discarded refers to items or substances that have been thrown away or disposed of, no longer deemed useful or necessary.

Equipment Cost

The total amount spent to acquire, install, and make ready for use a piece of equipment for operational purposes.