According to the Small Business Administration, which of these defines a business?
A) It has fewer than 500 employees.
B) It has sales less than $5 million a year.
C) It has fewer than $100 million in assets.
D) The SBA's definition of small business is one that is independently owned and operated and not dominant in its field of action.
E) It has fewer than 50 employees and $1 million in sales.

Question

Quizplus · Accepted Answer

The Small Business Administration's definition of a small business is one that is independently owned and operated and not dominant in its field of action. The other options mentioned specific numbers of employees, sales, or assets, which are not the only factors that determine whether a business is considered small.

According to the Small Business Administration, Which of These Defines