BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBA
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FDA
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FCC
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EEOC
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Detailed explanation-1: -SBA was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns; preserve free competitive enterprise; and maintain and strengthen the overall economy of our nation.
Detailed explanation-2: -SBA: The U.S. Small Business Administration was created on July 30, 1953, and works with organizations and private lenders such as Citizens Bank to guarantee loans, assist with contracts, provide counseling sessions, and offer other support to small businesses.
Detailed explanation-3: -To whom and what to report SBA loans The SBA requires lenders to report SBA-guaranteed loan information to one or more of the designated commercial credit reporting agencies (CRAs).
Detailed explanation-4: -Isabella Casillas Guzman was sworn in as the 27th Administrator of the U.S. Small Business Administration on March 17, 2021.
Detailed explanation-5: -Meaning of Small Business Small businesses are independently owned organisations that require less capital and less workforce and less or no machinery. These businesses are ideally suited to operate on a small scale to serve a local community and to provide profits to the company owners.