Minority-Owned Businesses Cautiously Optimistic Amid Slow Recovery

Minority-Owned Businesses Cautiously Optimistic Amid Slow Recovery

Assessment

Interactive Video

Business, Social Studies, Other

9th - 10th Grade

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the impact of the pandemic on a community-focused business, highlighting the challenges faced by minority-owned businesses due to exclusions in the Payment Protection Program (PPP). It addresses the broader issues of banking discrimination and the difficulties in securing loans for minority business owners. The Biden administration's efforts to amend PPP rules to better support minority businesses are also covered. The business owner shares how the pandemic refined her business skills and strengthened community ties.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the main reasons the business owner had to close her studio during the pandemic?

She wanted to start a new business.

She decided to move to a new city.

She was not eligible for the Payment Protection Program.

She wanted to take a break.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of Black-owned small businesses experienced at least a 50% decrease in revenue during the pandemic?

50%

More than 50%

37%

25%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What historical issue contributed to the challenges faced by minority business owners during the pandemic?

Lack of education

Banking discrimination

Limited market access

High taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What changes did the Biden administration announce regarding the Payment Protection Program?

Elimination of the program

Targeted support for minority-owned businesses

Support for large corporations only

Increased funding for all businesses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the pandemic influence Oxendine's business strategy?

She decided to close her business permanently.

She focused solely on dance classes.

She moved her business online only.

She expanded her business beyond dance to include retail and other ventures.