To be classified as a small business,a firm must have no more than 50 employees.

Name: To be classified as a small business,a firm must have no more than 50 employees.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is false. Small business classification varies depending on the industry and country. In the United States, for example, the Small Business Administration defines a small business as having fewer than 500 employees (with exceptions for some industries). In other countries, the definition may be different.

To Be Classified as a Small Business,a Firm Must Have