Which of the following is true of small businesses? a. Jobs are created solely by small entrepreneurial companies. b. Small firms specializing in international business create many new jobs. c. Small businesses have a weak presence in the economy. d. Small businesses have no impact on the world's mature economies.

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Business

Harper Walls

2 August, 03:38

Which of the following is true of small businesses? a. Jobs are created solely by small entrepreneurial companies. b. Small firms specializing in international business create many new jobs. c. Small businesses have a weak presence in the economy. d. Small businesses have no impact on the world's mature economies.

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Ayana Henson · Answer 1

Answer: Option B

Explanation: As per the US law, a firm having less than five hundred employees in its business is classified as a small firm. These could be partnership, company or a sole proprietorship.

These business operate on a smaller level but the number of such firms is really high in market. Thus, these firms generate a lot of employment in an economy as the constant need of employees resulting due to high potential of growth.

Thus, from the above we can conclude that the correct option is B.