Why Do Small-Business Owners Want to Determine Whether Their Companies

question 21

Multiple Choice

Why do small-business owners want to determine whether their companies meet the standards for small-business designation? Because:

• A)they do not have to pay taxes on their profits.
• B)government agencies offer benefits designed to help small businesses compete with larger firms.
• C)incorporation is easier for them.
• D)banks are more likely to grant them loans.

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Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Clarify

To make a statement or situation less confused and more comprehensible by explaining or resolving uncertainties.

Self-Determination

The process or right of individuals and societies to control their own destiny and make their own choices independently.

Values

Values are deeply held beliefs that guide behavior and decision-making, representing what is important and meaningful to an individual or organization.