Under the ________ Program,federal Agencies with Budgets Over $1 Billion

question 24

Multiple Choice

Under the ________ program,federal agencies with budgets over $1 billion are required to set aside 0.3 percent for small businesses.

• A) Small Business Technology Transfer
• B) Small Business Innovation Research
• C) SBA Microloan
• D) Regulation D

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Definitions:

FASB

Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards in the U.S.

Federal Statutes

Laws passed by the national government of a country that are applicable throughout the country.

Accounting Equation

The basic formula expressing that a company's total assets are equal to the sum of its liabilities plus equity capital.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the business.