LAPC Small Business Overview And Administration Questions
Description
Provide well-developed answers to the following:
- How does the Small Business Administration (SBA) define a small business?
- Describe ways the SBA helps small businesses.
- Explain key ways small businesses contribute to the economy.
- Detail the three main causes of small-business failure.
- According to our text, there are three basic forms of business ownership. Detail each form and provide three advantages and three disadvantages of each.
- Describe the three key differences between sole proprietorships and partnerships.
- Explain the main distinction of a not-for-profit corporation.
- Friends approach you with an idea for a business and ask you what form of business ownership they should use. Detail the types of scenarios that would make you recommend a corporation vs. a partnership to your friends.
Explanation & Answer:
800 Words
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