The Small Business Association (SBA) Reports That Small Businesses Create

question 64

Multiple Choice

The Small Business Association (SBA) reports that small businesses create at least _____ percent of America's new jobs.

• A) 30
• B) 32
• C) 46
• D) 64
• E) 82

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Definitions:

Partnership

A legal arrangement where two or more persons agree to share the profits of a business which they run together.

Malpractice

Failure of a professional to perform their duties to the required standard of care, resulting in harm to their client or patient.

Corporation

A legal entity recognized by law as separate from its owners, with rights to own property, sue or be sued, and conduct business.

General Corporation

A type of business organization that is legally separate from its owners, with the ability to own property, incur liabilities, and conduct business in its own name.