Which of the Following Is NOT Characteristic of the Small

question 46

Multiple Choice

Which of the following is NOT characteristic of the small firm sector of the economy?

• A)Small firms have an important influence in the service sector.
• B)A significant part of the labor force is employed in businesses having fewer than 100 persons.
• C)Small firms have profit rates similar to their larger counterparts.
• D)A significant percentage of new jobs are created by small businesses.
• E)Small firms often have long-term relationships with large firms.

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Definitions:

Formal Business Plans

Detailed documents that outline the operational and financial objectives of a business, including its strategies for achieving these goals.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture, often bringing innovative products or services to the market.

Personal Credit History

A record of an individual's past borrowing and repayment activity, often used by lenders to assess creditworthiness.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business or enterprise, aiming to bring innovative products or solutions to the market.