To Qualify as a Small Business, a Retailing Establishment May

question 150

Multiple Choice

To qualify as a small business, a retailing establishment may not exceed annual sales of

• A) $1.2 million to $4 million.
• B) $2.6 million to $5 million.
• C) $3 million to $6 million.
• D) $7 million.
• E) $12.5 million.

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Definitions:

College Education

Attaining higher education and academic degrees from colleges or universities.

Lump Sum

A one-time payment made instead of breaking the payment down into installments.

Funds

Resources set aside for a particular purpose, often referring to money reserved for investment or operational purposes in financial contexts.

Compounded Annually

The process where the interest earned on an investment is reinvested, and subsequent interest calculations are made on the initial principal plus all accumulated interest.