Which of the Following Features Must a Business Have to Be

question 36

Multiple Choice

Which of the following features must a business have to be classified as "small"?

• A) Management is independent, and the area of operation is primarily local
• B) Dominant in its field of operation, and it employs 100-200 people
• C) Ownership is held by one or few individuals, and the market is primarily local
• D) Capital is provided by a federal institution, and the objectives are profitability and growth

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Definitions:

Von Restorff Effect

A psychological phenomenon where an item that stands out from a group is more likely to be remembered than other items.

Chunks

Memory strategy that involves combining individual pieces of information into larger groups, or chunks, making them easier to remember.

Short-Term Memory

The component of the memory system that holds a small amount of information in a readily accessible state for a short period of time.

Retroactive Interference

Occurs when new information hinders the ability to remember older information.