By an Act of Congress, the Small Business Administration SBA)

question 26

Multiple Choice

By an act of Congress, the Small Business Administration SBA) was created in which one of the following years?

• A) 1953
• B) 1968
• C) 1973
• D) 1985
• E) 1993

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Definitions:

Diminish

To decrease or make smaller in size, importance, or intensity.

Excludability

The characteristic displayed by those goods and services for which sellers are able to prevent nonbuyers from obtaining benefits.

Consuming

Consuming involves using up goods or services by purchasing, eating, or utilizing them to satisfy needs or wants.

Good

A material item or service that satisfies a need or desire and is available for purchase or trade.