Which of the Following Statements Concerning Small Businesses and International

question 74

Multiple Choice

Which of the following statements concerning small businesses and international markets is false?

• A)Although terrorism and global recession have slowed the growth of international trade somewhat, global opportunities for small businesses have a long-term positive outlook.
• B)Although the U.S. is an attractive market, approximately 95 percent of the world's population lives outside its borders.
• C)Because exporting is so complex and requires a company to have so many international experts on staff, exporting is not feasible for small businesses.
• D)Small companies comprise 97 percent of all businesses engaged in exporting, yet they account for only 30 percent of the nation's export sales.

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Definitions:

State Actions

Activities or measures taken by state governments in the conduct of their duties and responsibilities.

Judicial Review

The power of courts to assess the constitutionality of laws and government actions.

Article III

The section of the United States Constitution that establishes the judicial branch, outlining the powers and responsibilities of the federal court system.

Judicial Restraint

A philosophy of law where judges limit their own power, adhere closely to precedent, and defer to legislation made by the legislative branch.