Which of the Following Statements Accurately Depicts an Advantage That

question 232

Multiple Choice

Which of the following statements accurately depicts an advantage that small business has over big business?

• A) If the small business owner can project his business as being big, if not very similar to big businesses that sell in the same industry, then he will realize a significant advantage.
• B) The size of the business (small being better in this case) is an important consideration in the management of legal, payroll, and tax concerns.
• C) A small business can maneuver and change quicker than most large businesses can. It can react to market conditions and customer concerns much faster.
• D) The slower pace of small businesses translates into better quality for its customers.

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Definitions:

Liable

Legally responsible or obligated to face consequences, typically in the form of compensations or reparations.

Profits

Financial gains obtained after subtracting the costs, expenses, and taxes from a business's total revenue.

Employment Law

A branch of law that governs the rights and duties between employers and workers, covering areas such as wages, workplace safety, discrimination, and termination.

Legal Issues

Matters or disputes that are interpreted and resolved according to the law.