The US Small Business Administration Issues a New Regulation That Will

question 6

Multiple Choice

The U.S. Small Business Administration issues a new regulation that will have a significant impact on a substantial number of small businesses. Under the Regulatory Flexibility Act, the agency must do all of the following except

• A)measure the cost that the rule will impose on small businesses.
• B)consider less burdensome alternatives.
• C)alert small businesses about forthcoming regulations.
• D)adjust the rule to the satisfaction of the regulated businesses.

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Definitions:

Strategy

A high-level plan or set of actions designed to achieve long-term or overall goals under conditions of uncertainty.

Opportunities

Circumstances or situations that present potential for growth, development, or success.

Markov Analysis

A statistical process that uses probabilities to predict future states based on current events, often used in decision-making and economic forecasts.

Human Capital Readiness

The process of evaluating the availability of critical talent in a company and comparing it to the firm’s supply.