Which of the following organizations would be considered a small business?
A) Producer of semiconductors with 2,000 employees
B) Wholesaler with 50 employees
C) Retail clothing store chain with annual sales of 26 million
D) Construction company with average annual receipts of 32 million
E) Farmer with annual receipts of 10 million
Question 2
The lowest rate of interest charged by a bank for a short-term loan is known as
A) the discount rate.
B) dividends.
C) add-on interest.
D) the compound interest rate.
E) the prime interest rate.
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