Which of the Following Statements Is True of Small Businesses

question 25

Multiple Choice

Which of the following statements is true of small businesses?

• A)They usually employ more than 500 people.
• B)They require less money to start and maintain than do large ones.
• C)They lack the flexibility to adapt to changing market demands.
• D)They offer a stress-free environment to their owners.
• E)They have a very low rate of failure.

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Definitions:

RFP

Request For Proposal; a document issued by an organization to solicit proposals from potential providers as part of a competitive bidding process.

Cover Letters

Written documents submitted with a job application, explaining the applicant's credentials and interest in the open position.

Transitions

Pertains to the process or a period of changing from one state or condition to another, especially in the context of moving from one slide or idea to another in presentations or documents.

Justification Reports

Documents that provide reasons and evidence to support particular actions, decisions, or recommendations.