What Has Been the Result of Technological Developments Over the Past

question 80

Multiple Choice

What has been the result of technological developments over the past two decades, such as the rise of the Internet and e-mail?

• A) They have given small business owners more flexibility in how they manage their schedules.
• B) They have given small business owners a greater ability to compete with big companies but have reduced the flexibility they have in managing their businesses.
• C) They have reduced the role of entrepreneurship in the Canadian economy.
• D) They have made it harder for small businesses to compete successfully against large corporations.

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Definitions:

Incorporation

The process of legally declaring a corporate entity as separate from its owners, providing limited liability and other benefits.

Individual Farmers

Independent agricultural producers who manage and operate their own farming businesses.

Large Corporations

Businesses that operate on a vast scale, often with a global presence, having significant market influence and a complex organizational structure.

Small Corporations

Typically refers to privately owned and operated companies with a small number of shareholders and limited financial resources.