GBUS FINAL 4 – Flashcards
10 test answers
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To qualify as a small business, an agricultural company's maximum annual receipts must be no more than
answer
$750,000
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Approximately how many businesses are there in the United States?
answer
27 million
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Mary's cleaning business has several customers but is not dominant in its field. This is an example of a(n) ____ business.
answer
small
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A company generally needs more than ____ employees in order to be considered large.
answer
500
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What is the primary reason that so many new businesses fail?
answer
Mismanagement resulting from lack of business know-how
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Approximately what percentage of the jobs in the United States do small businesses provide?
answer
over 50 percent
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