Small Businesses Are Generally Able to Respond

question 10

Multiple Choice

Small businesses are generally able to respond:

• A) to changes in government policies more quickly than large businesses.
• B) to changes in the economy less quickly than large businesses.
• C) without any long term impact to large business innovation.
• D) to changes in competition at the same speed as large businesses.

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Definitions:

Expel

Expelling refers to the action of forcing someone or something out of a place or situation.

Limited Partnership

A business structure where some partners have limited liability and limited involvement in the management of the company.

Personal Property

Any movable property that is not attached to or associated with the land. This includes physical objects such as furniture and vehicles, as well as intangible rights.

Limited Partners

Investors in a partnership who have limited liability to the extent of their investment and do not participate in day-to-day management.