Which of the Following Statements About Certification for Women- and Minority-Owned

question 16

Multiple Choice

Which of the following statements about certification for women- and minority-owned small businesses is false?

• A)Certification consists of an examination based acknowledgement that the firm is owned and operated as specified.
• B)Certification is for every women- or minority-owned small business.
• C)For those businesses that qualify,certification provides a ready means of access to opportunity and to networks of businesses and government agencies.
• D)For corporations,certification is handled by organizations that are not affiliated with the government or big business,such as the National Minority Supply and Diversity Council.

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Definitions:

Intangible Assets

Non-physical assets having a value with an indefinite life span, such as patents, trademarks, and goodwill.

Amortized

Amortized refers to the gradual reduction of a debt over a period of time through regular payments that cover both the loan interest and the principal amount.

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, and water.

Metal Ores

Naturally occurring solid materials from which metals can be extracted profitably.