ECONOMICS (CBSE/UGC NET)

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ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
This is an independent agency of the federal government with the mission of aiding, counseling, and assisting entrepreneurs and small businesses.
A
EPA
B
SBA
C
Either A or B
D
None of the above
Explanation: 

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: -The Inspector General, a presidentially appointed and Senate-confirmed officer, keeps the SBA Administrator and the Congress fully informed of any problems, recommends corrective actions, and monitors progress in the implementation of such actions.

Detailed explanation-3: -Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream.

Detailed explanation-4: -Small Business Administration (SBA) loans can be a valuable tool for small businesses in need of financing.

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