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Author Question: How does the SBA define a small business? Approximately what percentage of all businesses in the ... (Read 53 times)

Chloeellawright

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on: Jul 14, 2018
How does the SBA define a small business? Approximately what percentage of all businesses in the United States are considered small?

Question 2

Departmentalization refers to breaking workers into logical groups.
 
 Indicate whether the statement is true or false


Toya9913

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Reply #1 on: Jul 14, 2018
Answer to Question 1

The Small Business Administration (SBA) defines a small business as one which is independently owned and operated for profit and is not dominant in its field. Dependent on the industry, the SBA uses size standards usually by number of employees or average annual sales. In the U.S., 99.7 percent of all businesses are considered small.

Answer to Question 2

True


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