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GBUS FINAL 4

A small business is all of the following except
dominant in its field.
which of the following organizations would be considered a small business?
Wholesaler with 50 employees
To qualify as a small business, a retailing establishment may not exceed annual sales of
$7 million
To qualify as a small business, a manufacturing plant can employ no more than ____ people.
500
To qualify as a small business, an agricultural company’s maximum annual receipts must be no more than
$750,000
Approximately how many businesses are there in the United States?
27 million
Mary’s cleaning business has several customers but is not dominant in its field. This is an example of a(n) ____ business.
small
A company generally needs more than ____ employees in order to be considered large.
500
What is the primary reason that so many new businesses fail?
Mismanagement resulting from lack of business know-how
Approximately what percentage of the jobs in the United States do small businesses provide?
over 50 percent

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