Which of the Following Is Correct with Regard to Small

question 36

Multiple Choice

Which of the following is correct with regard to small business?

• A) Various measures might be used to define a small business, including the number of people the business employs, the company's sales revenue, the size of the investment required, or the type of ownership structure the business has.
• B) Since the Business Register tracks businesses and the Labour Force Survey tracks individuals, these sources of information are not useful in defining the term "small business."
• C) To be included in the Business Register, a business must have at least five paid employees.
• D) In the Business Register, a goods-producing company is considered small if it has fewer than 500 employees, while a service-producing business is considered small if it has fewer than 100 employees.
• E) All of these are correct.

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Definitions:

Accounts Receivable

The money owed to a business by its clients or customers for goods or services provided on credit.

Consulting Work

Professional services provided by experts to advise businesses in various areas of expertise.

Revenue

The total income generated from the sale of goods or services, before any costs or expenses are deducted.

Assets

Economic resources owned by a business or individual that are expected to bring future benefits.