In Contrast to Large Businesses, Small Business Is Characterized By

question 66

Multiple Choice

In contrast to large businesses, small business is characterized by:

• A) constituting a large percentage of all exporters.
• B) decreasing percentage of employees in the economy as a whole.
• C) fewer numbers, as merger mania continues to create a larger proportion of large firms in the world economy.
• D) the front/back combinations that combine small units into larger ones.

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Definitions:

Segment Profit or Loss

The financial performance of a distinct part of a company that engages in business activities from which it may earn revenues and incur expenses, resulting in its own net profit or loss.

External Customers

Individuals or entities that are not part of an organization but use or purchase its products or services.

Reconciliation

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. It is a key accounting process.

Segment Profit Margin Analysis

The process of evaluating the profitability of different segments or divisions within a company.