Government agencies such as the Small Business Administration and the Federal Trade Commission help reduce the risk of starting and running a business. The result of these efforts is:
A) free money for businesses and their customers.
B) grants for all startups to cover their costs.
C) free enterprise and fair competition.
D) a guarantee that small businesses will succeed with little competition.

Question

Government agencies such as the Small Business Administration and the Federal Trade Commission help reduce the risk of starting and running a business. The result of these efforts is:
A) free money for businesses and their customers.
B) grants for all start­ups to cover their costs.
C) free enterprise and fair competition.
D) a guarantee that small businesses will succeed with little competition.

Quizplus · Accepted Answer

The government agencies mentioned in the statement, such as the Small Business Administration and the Federal Trade Commission, are aimed at reducing the risk of starting and running a business. Their efforts help promote free enterprise and fair competition, which is one of the fundamental principles of the American economic system. This means that businesses are free to compete in the marketplace, without facing any unfair advantages or disadvantages. While these agencies may offer some financial assistance or support to businesses, it is not in the form of free money or grants to cover all costs. Additionally, there is no guarantee that small businesses will succeed, as success largely depends on factors such as market demand, competition, and the management skills of the business owner.

Government Agencies Such as the Small Business Administration and the Federal