Asked by Naoise Kiernan on Jun 03, 2024
Verified
Which of the following is NOT one of the defining characteristics of small businesses?
A) A business with 100 or fewer employees
B) A business that makes an annual profit of less than $1
C) A business that does not dominate its industry
D) A business that is independently owned
E) A business that is independently operated
Defining Characteristics
The unique attributes or qualities that clearly distinguish a person, object, concept, or phenomenon from others within its category or domain.
Small Businesses
Independently owned and operated companies with limited revenue and number of employees, serving local markets.
- Understand the defining characteristics of small businesses and their importance in the economy.
Verified Answer
FP
Francisco PuentesJun 05, 2024
Final Answer :
B
Explanation :
The defining characteristics of small businesses typically include having a limited number of employees, not dominating the industry, and being independently owned and operated. Making an annual profit of less than $1 is not a standard criterion for defining small businesses.
Learning Objectives
- Understand the defining characteristics of small businesses and their importance in the economy.
Related questions
Which of the Following Is True About the Role of ...
In the Manufacturing Sector,small Businesses Sometimes Have an Advantage Over ...
A _____ Is Best Described as Any Independently Owned and ...
The Small Business Administration (SBA) Estimates There Are Over 220 ...
How Do Small Businesses Contribute to the U ...