The Number of Minority-Owned Businesses Has Decreased in Recent Years

question 105

True/False

The number of minority-owned businesses has decreased in recent years.

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Definitions:

10 Years

A time frame or period that spans a decade, often used as a milestone in planning or evaluating progress.

EIN

Employer Identification Number, a unique nine-digit number assigned by the IRS to businesses for the purposes of identification and tax reporting.

IRS

The Internal Revenue Service, a U.S. government agency responsible for tax collection and enforcement of tax laws.

Tax Returns

Official documents submitted to tax authorities declaring income, expenses, and pertinent information to calculate tax liability.