Small-Business Owners Want to Determine Whether Their Companies Meet the Standards

question 96

Multiple Choice

Small-business owners want to determine whether their companies meet the standards for small-business designation because:

• A)they do not have to pay taxes on their profits.
• B)government agencies offer benefits designed to help small businesses compete with larger firms.
• C)incorporation is easier for them.
• D)banks are more likely to grant them loans.

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Definitions:

Employer Duties

Refers to the responsibilities and obligations an employer has towards their employees, including providing a safe working environment and paying wages.

Securities Act

Legislation enacted to ensure more transparency in financial statements so investors can make informed decisions about investments.

Exchange Commission

A regulatory body responsible for overseeing and regulating securities exchanges to protect investors and ensure fair, efficient, and transparent markets.

Tombstone Advertisement

A print advertisement in a format similar to that of a tombstone that announces a forthcoming sale of securities.