Which of the following statements does NOT support the common notion that small business is the backbone of America?
A) Small businesses provide the first job for most entrants to the labor force.
B) Companies with fewer than 500 employees comprise over 99 percent of all U.S. businesses.
C) Small firms are twice as innovative per employee than large firms.
D) Small businesses are more apt to fail than big businesses are.
E) Small businesses have generated 64 percent of net new jobs annually for 15 years.
Answer: D
Explanation: D) Small businesses provide numerous benefits to the economy. They also face higher levels of risk.
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Par value
A) is the monetary value assigned per share in the corporate charter. B) represents what a share of stock is worth. C) represents the original selling price for a share of stock. D) is established for a share of stock after it is issued.
Which of the following is the first step in the process of organizing?
A. Defining the objective B. Grouping activities C. Determining the needed resources D. Assigning duties
Refer to Figure 1. What cell reference designates the Target Cell in "Solver"?
A) E4 B) B3 C) C3 D) D8:D10 E) E8:E10
The cash receipts and disbursements method of accounting is used by most individual taxpayers and most noncorporate businesses that do not have inventories.
Answer the following statement true (T) or false (F)