The Importance of Small Business

The Importance of Small Business

10th Grade

20 Qs

quiz-placeholder

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The Importance of Small Business

The Importance of Small Business

Assessment

Quiz

Business

10th Grade

Practice Problem

Hard

Created by

Jessica Kennedy

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of all U.S. businesses do small businesses represent according to the U.S. Small Business Administration (SBA)?

99.9%

75.5%

50.2%

25.1%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many employees or less are typically found in a small business?

1000

500

750

250

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many jobs did small businesses create in 2015?

3.5 million

2.1 million

1.9 million

1.2 million

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which category of small businesses added over half of the new jobs in 2015?

Those with 500 employees or more

Those with 100-200 employees

Those with 100-500 employees

Those with 20 employees or less

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do small businesses help stimulate economic growth according to the text?

By paying lower taxes

By providing employment opportunities

By excluding local workers

By avoiding innovation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Small businesses attract talent who tend to:

Follow trends

Invent new products

Avoid innovation

Rely on larger corporations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why can small businesses respond quickly to changing economic climates?

Due to being less customer-oriented

Due to having excessive revenue

Due to being large scale

Due to being very customer-oriented

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