Which of the Following Statements Is TRUE

question 60

Multiple Choice

Which of the following statements is TRUE?

• A)The Small Business Administration provides tax credits for small businesses.
• B)The Small Business Administration provides administrative services to small businesses.
• C)The Small Business Administration offers free online training to small business owners.
• D)The Small Business Administration works to increase regulatory requirements for small businesses.

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Definitions:

Duty to Account

An obligation to provide a detailed report of financial transactions or holdings.

Duty to Maintain

The obligation to keep property, equipment, or systems in good working condition through regular care, repair, and upkeep.

Implied Authority

The authority of an agent to perform acts which are reasonably necessary to accomplish the purpose of an organization.

Express Authority

Legal authority granted explicitly in a document or spoken agreement, allowing individuals or entities to perform certain acts.