ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A reliable source of general business start-up information is
A
Wikipedia (www.wikipedia.org/wiki/Entrepreneurship).
B
the Project Management Institute (www.pmi.org).
C
the Small Business Administration (www.sba.gov).
D
the National Retail Federation (www.nrf.com).
Explanation: 

Detailed explanation-1: -SBA only communicates from email addresses ending in sba.gov. If you are being contacted by someone claiming to be from the SBA who is not using an official SBA email address, you should suspect fraud.

Detailed explanation-2: -Benefits of SBA-guaranteed loans Counseling and education: Some loans come with continued support to help you start and run your business. Unique benefits: Lower down payments, flexible overhead requirements, and no collateral needed for some loans.

Detailed explanation-3: -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-4: -It defines small business by firm revenue (ranging from $1 million to over $40 million) and by employment (from 100 to over 1, 500 employees). For example, according to the SBA definition, a roofing contractor is defined as a small business if it has annual revenues of $16.5 million or less.

There is 1 question to complete.