One of the Hurdles Small Businesses Face When Deciding to Export

question 267

Multiple Choice

One of the hurdles small businesses face when deciding to export is

• A) financing is often difficult to find.
• B) overseas buyers prefer dealing with large corporations.
• C) smaller companies must wait in line after large companies to qualify for tariffs.
• D) American products are perceived as inferior.

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Definitions:

Credit

Credit refers to the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources (or other materials of equal value) at a later date.

RULLCA

The Revised Uniform Limited Liability Company Act, which provides a comprehensive legal framework for the formation, operation, and dissolution of LLCs in the jurisdictions that adopt it.

Automatic Dissolution

The process by which a legal entity, such as a company or partnership, is dissolved without the need for legal actions by its members or shareholders.

LLC

An LLC, or Limited Liability Company, offers a blend of characteristics from both corporations and partnerships/sole proprietorships, providing limited liability to its owners while allowing earnings to be taxed similarly to a partnership or sole proprietorship.