All of the Following Are Elements of a Small Business

question 143

Multiple Choice

All of the following are elements of a small business definition except that these firms:

• A)have annual receipts of less than a specified amount.
• B)have fewer than 100 stockholders.
• C)are independently owned.
• D)are not dominant in its field.

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Definitions:

Interest Rate

The proportion of interest charged to a borrower by a lender for the use of borrowed money.

Investment

The operation of earmarking financial resources with the hope of obtaining a return or profit.

Simple Interest

A method of calculating interest where the interest charge is based on the original principal only, not on the accumulated interest.

Maturity Value

The amount payable to an investor at the end of a security's term or life, which typically includes the principal plus interest.