According to SBA Guidelines, a Manufacturing Firm with 1,000 Employees

question 173

Multiple Choice

According to SBA guidelines, a manufacturing firm with 1,000 employees:

• A) would be classified as a large firm in the industrial sector.
• B) may be classified as a small business depending upon the size of other firms in the industry.
• C) is too small to achieve the efficiencies of large scale production.
• D) is classified as an S corporation.

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Definitions:

Demographic Transition Model

A theoretical model describing the transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, marked by a shift from agrarian societies to industrial and urban centers, leading to significant social, economic, and cultural changes.

Global Carbon Dioxide

The concentration of carbon dioxide in the Earth's atmosphere, which is a critical factor influencing global climate change and warming.

Macrochanges

Large-scale societal transformations that affect the structure and functioning of social institutions, economies, or cultures over time.