Question

question 25 (3 points)
what is a small business typically defined as?
a) a company owned by shareholders
b) a business owned by two or more individuals
c) a business model where a company grants the right to operate using its brand
d) an independently owned and operated company limited in size and revenue

Explanation:

A small business is commonly understood as an independently - owned and operated entity with limitations in size (e.g., number of employees) and revenue. Option a describes a corporation owned by shareholders which can be of any size. Option b describes a partnership which doesn't necessarily imply small - ness. Option c describes franchising.

Answer:

D. An independently owned and operated company limited in size and revenue