By an Act of Congress, the Small Business Administration SBA)

question 26

Multiple Choice

By an act of Congress, the Small Business Administration SBA) was created in which one of the following years?

• A) 1953
• B) 1968
• C) 1973
• D) 1985
• E) 1993

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Definitions:

Bias

A forecast that is consistently higher or consistently lower than actual values of a time series.

Seasonally-Adjusted Sales Forecast

A prediction of future sales that has been modified to account for regular seasonal variations in demand or sales patterns.

Complementary Demands

A market condition where the demand for two or more goods is linked because the goods are used together, leading to a rise in demand for one affecting the other positively.

Seasonal Fluctuations

Regular changes in patterns or levels of activity in data or phenomena influenced by seasonal conditions.