Which of the Following Is TRUE About a Small Business

question 51

Multiple Choice

Which of the following is TRUE about a small business?

• A) A small business employs from 500 to 1000 employees.
• B) A small business is usually funded by personal lines of credit, and not through bank loans and microlenders.
• C) A small business is one that is not dominant in its field.
• D) A small firm usually curtails the freedom to innovate.
• E) A small firm avoids risks that larger firms are willing to take.

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Definitions:

Labeling Perspective

A sociological viewpoint that examines how individuals and behaviors are defined or classified as deviant by society and the effects of such labels.

Mental Illness

Disorders that affect mood, thinking, and behavior, significantly impacting daily life and functioning.

Myth

A traditional story, typically involving supernatural beings or events, that serves to explain phenomena or cultural practices.

Staff Incompetence

The lack of required skills, knowledge, or ability by employees to perform their job duties effectively.