The Small Business Administration

question 15

Multiple Choice

The Small Business Administration

• A) was established by the U.S.Chamber of Commerce to encourage the entrepreneurial spirit.
• B) is an independent agency of the federal government to provide managerial and financial assistance to small businesses.
• C) is a subsidiary of the Better Business Bureau.
• D) is a division of the federal government that is responsible for ensuring that newly formed businesses adhere to the law.
• E) is a U.S.Congressional agency that fosters the establishment of new businesses.

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Definitions:

Contingency Workers

Employees who are hired on a temporary basis or for specific projects rather than being permanent staff.

Part-Time

A type of employment status where the worker is employed for fewer hours per week than a full-time employee, often offering flexible schedules.

Temporary Basis

A condition or situation that is not permanent and is expected to change or end after a certain period.

Regular Workforce

Describes the employees who work under standard employment contracts with predictable hours and benefits, as opposed to temporary or freelance workers.