Small businesses are essential to the American economy, providing employment for 35% of workers in private firms and fostering local economic growth and community identity. They represent a diverse array of services and adapt quickly to market changes.
Explanation:Small businesses are a crucial part of the American economy. Despite the prominence of corporate giants, the landscape of American businesses is mostly composed of smaller firms with fewer than 20 employees.
As of 2010, there were 5.7 million firms with employees, and a significant number of these are categorized as small businesses.
These entities play a vital role in the economy by providing employment to 35% of workers in private firms, particularly those at firms with fewer than 100 workers.
Moreover, small-scale businesses encompass a diverse range of services and professions, from dentists and lawyers to those who mow lawns or clean houses.
There are also millions of small 'non-employer' businesses, run by individuals or partnerships, which directly contribute to the economy.
In addition to job creation, small businesses stimulate local economies, foster community identity, and enable individual entrepreneurship. They adapt quickly to changing market demands and bring innovation and competition into various sectors.
Despite not always yielding high economic profits, 'Mom and Pop' firms, such as inner city grocery stores, continue to exist as they fulfill essential community needs and often derive value through non-monetary means or long-term investment in their neighborhoods.
Final answer:
Small businesses are vital to the American economy because they provide a substantial share of employment, offer a diverse range of services, and contribute to economic innovation and local communities.
Explanation:
Small businesses are a crucial part of the American economy because they represent a significant portion of employment and enterprise. The vast majority of American firms are small, with fewer than 20 employees.
As of 2010, the U.S. Census Bureau reported 5.7 million firms with employees, and these firms play a key role in providing jobs and services.
Indeed, almost half of all workers in the private sector are employed at large firms, while another 35% work at firms with fewer than 100 employees, indicating that small businesses significantly contribute to employment.
Beyond providing employment, these small-scale businesses, which range from professional services like dentists and lawyers to essential local services like landscaping and house cleaning, form the backbone of community economies.
Furthermore, there are countless 'non-employer' businesses operated by individual proprietors or partnerships that contribute to the economy not through official wages but through the earnings they generate.
Thus, small businesses support economic diversity, foster entrepreneurship, and serve specific needs within their communities that may not attract larger corporations.
These businesses are entities separate from their owners, and the economic profits, which may at times be nominal, are often outweighed by the social and economic contributions they provide to the local economy and overall employment in the U.S.
Which of the following represents the correct sequence of the different stages in business process engineering
What are the four stages in the product life cycle?
Answer:
Introduction, Growth, Maturity, and Decline.
Ann owns two acres of trees. Which factors of production would Ann’s situation fall under?
(Select all that apply.)
1-entrepreneurship
2-labor
3-land
4-capital
Labor, land, capital.
Hope it helps.
Prepare for the DMV drive test by ensuring your_____ is in good operating condition.
What happens during the exit stage of a company?
What is the process by which organic matter breaks down to become part of the soil? A) compaction B) decomposition C) erosion D) weathering
What is the process by which organic matter breaks down to become part of the soil?
A) compaction
B) decomposition
C) erosion
D) weathering
the answer is ( B ) decomposition
What is pass-through taxation?
Answer:
Pass-through taxation refers to the fact that a pass-through business pays no taxes. ... This is opposed to either traditional corporations or C-corporations, in which the company itself pays corporate taxes on income the corporation earns.
Answer:
Pass-through taxation refers to the fact that a pass-through business pays no taxes. ... This is opposed to either traditional corporations or C-corporations, in which the company itself pays corporate taxes on income the corporation earns.
Explanation:
Which item is strictly a want?
a. Car
b. Food
c. Shelter
d. Water
Community colleges provide training for some careers in public saftey. true or false?
What is true about the stock market? Investors always make money from investing in the stock market. All stock markets feature physical location-based auctions of stocks. Even non-investors are influenced by the stock market. All of the above are true
It is true that even the non-investors are influenced by the market.Essentially, shoppers spend all the more amid positively trending markets since they feel wealthier when they see their portfolios ascend in esteem. Amid bear markets, they pull back on spending, dreading the loss of riches and buying influence as the estimation of their speculations contracts.
A rising stock exchange signals financial specialist certainty, as purchasing action pushes up costs. At the point when stocks rise, individuals put resources into the value markets gain riches.
Expanded riches frequently prompts expanded spending, as shoppers purchase more products and ventures when they're sure they are in a money-related position to do as such. At the point when customers purchase more, organizations that move those products and ventures advantage as expanded incomes.
Securities exchange misfortunes cause riches disintegration. A buyer who sees his portfolio drop in esteem is probably going to spend less. This decrease in spending adversely influences organizations – especially ones that move non-need merchandise and enterprises, for example, extravagance autos and excitement, that clients can live without when cash is tight.
Your customer is extremely upset due to the long wait time, how do you respond?
Sometimes, having a customer who is extremely upset due to the long wait time is unavoidable. When running into long wait times and delays, try to calm your customers so that they don’t get angry and leave. You have to address the issue and apologize for the inconvenience and explain what you are doing in order to lessen their frustration. And also, offer them comfort and give freebies to compensate them. You have to approach your customer in a polite and kind manner and never lose your patience especially when your customer becomes frustrated.
Interactive sites where users write about personal topics and comments to a threaded discussion are called
Answer:
Interactive sites where users write about personal topics and comments to a threaded discussion are called Blogs.
Explanation:
Blog is an online system where a writer or sometimes multiple writers describe any particular topic. The users can comment on these writings and conversations can be made. Blogs are an excellent platform to discuss any topics.
Blogs can be of different kinds depending on how a blogger chooses to write. Some types of blogging include a personal blog which is more like a diary of a person, group blogs, and microblogging.
A good way of remembering your newest contact's name is to
A. make up a jingle for it.
B. repeat it silently in your head.
C. repeat it at the end of every sentence as you speak to him or her.
D. write it on your hand.
whta typically happens to nonfarm payrolls the PMI indicator,and housing starts at the onset of a recession in the united states?
Which of the following is not a benefit of CTSO?
A-College degrees
B-Leadership experience
C-Communication skills
D-Scholarships
How many career fields are there?
A-6
B-9
C-11
D-17
Which of the following is an example of a CTSO?
A-National Honor Society
B-Art Club
C-Future Educators of America
D-Spanish Club
Which of the following is an example of a benefit associated with a career, but not often with a job?
A-Sick leave
B-increased education
C-Lower pay
D-Later retirement
How many CTSOs are there?
A-8
B-6
C-11
D-13
How many career clusters are there?
A-10
B-7
C-17
D-11
Which of the following programs might you find in vocational school?
A-Cooking
B-Electrical
C-Air conditioning repair
D-All of the above
Why is Career and technical education supported by the government?
A-Because it's required in school
B-Because it prepares students for jobs
C-Because it sends students to state colleges
D-Because it leads to higher unemployment
An ability to talk easily to people might be associated with a career in which cluster?
A-Information Sciences
B-Marketing, sales and services
C-Manufacturing
D-Agriculture, food and natural resources
Careers have a higher chance of employment and stability than jobs.
A-True
B-False
Community colleges offer bachelor's degree
A-True
B-False
Which of the following is a post-secondary school?
A-Community college
B-Vocational school
C-Four-year college
D-All of the above
After four years in college, you will get a graduate degree.
A-True
B-False
The National Honor Society is an example of a CTSO.
A-True
B-False
Which is not a career cluster?
A-Agriculture
B-Human services
C-Health sciences
D-Business,management, and administration
Which of the following is not a benefit of CTSO?
A-College degrees
B-Leadership experience
C-Communication skills
D-Scholarships
A CTSO is a career and technical student organization. When you have a membership to a CTSO you are able to attend meetings to help yourself build personal management. Personal management refers to different skill sets that allow students to grow in their career field of choice. In these trainings they learn leadership, communication, self-esteem and other skills. Students become leaders within their career field.
How many career fields are there?
A-6
B-9
C-11
D-17
There are 6 career fields that include agriculture, food, natural resources, business, management & administration and communications & information systems.
Which of the following is an example of a CTSO?
A-National Honor Society
B-Art Club
C-Future Educators of America
D-Spanish Club
Future Educators of America is an example of a CTSO because this organization works to teach students how to be successful leaders as they excel in their career paths.
Which of the following is an example of a benefit associated with a career, but not often with a job?
A-Sick leave
B-Increased education
C-Lower pay
D-Later retirement
Most of the time when you are in a career instead of a job, you are able to take sick leave and still get paid for your sick time. Sick leave is given out yearly (unless your employer has this set up differently) and once it’s gone, it’s gone. This time is given to full-time employees within most organizations.
How many CTSOs are there?
A-8
B-6
C-11
D-13
How many career clusters are there?
A-10
B-7
C-17
D-11
There are 16 career clusters within the National Career Clusters Framework.
Which of the following programs might you find in vocational school?
A-Cooking
B-Electrical
C-Air conditioning repair
D-All of the above
All of these career fields could be taught within a vocational school. Vocational schools or centers are used to teach specific skill sets that someone could then work in that career field with.
Why is Career and technical education supported by the government?
A-Because it's required in school
B-Because it prepares students for jobs
C-Because it sends students to state colleges
D-Because it leads to higher unemployment
By preparing students at a young age to know how to complete work within different skills sets, it adds to the employment and work force when they graduate school because these kids can go to work and know what they are doing. This also allows for the skill sets to be instilled early in age and worked on during the time they are in school.
An ability to talk easily to people might be associated with a career in which cluster?
A-Information Sciences
B-Marketing, sales and services
C-Manufacturing
D-Agriculture, food and natural resources
Marketing, sales and services is the career cluster listed that deals the most with talking to people. Within marketing, sales and services people try and sell their good or service to consumers by talking, demonstrating and selling the product.
Careers have a higher chance of employment and stability than jobs.
A-True
B-False
Most careers have a higher chance of employment and stability because careers are more specific based on skills and needs over jobs.
Community colleges offer bachelor's degree
A-True
B-False
Community colleges offer AA (Associate of Arts) degrees.
Which of the following is a post-secondary school?
A-Community college
B-Vocational school
C-Four-year college
D-All of the above
A post-secondary school is a school that allows you to further your education or learning. Since a community collage, vocational school and a four year college all allow someone to receive extra training or education, they are all considered a post-secondary school.
After four years in college, you will get a graduate degree.
A-True
B-False
After four years in college if you finish your requirements for your degree, you will receive your Bachelor’s Degree. A graduate degree, in most cases, is another two year program.
The National Honor Society is an example of a CTSO.
A-True
B-False
No, this is not an example of a CTSO because it does not further your education or teach new skills it’s just a society those that meet the requirements to be in, can join.
Which is not a career cluster?
A-Agriculture
B-Human services
C-Health sciences
D-Business, management, and administration
There are 6 career fields that include agriculture, food, natural resources, business, management & administration and communications & information systems.
What is market saturation?
You invested $3,950 in an original Salvador Dali 'melted clocks' painting 30 years ago. The painting has increased in value at a rate of 10% per year. How much is it worth now.
Final answer:
The current value of a $3,950 investment in a Salvador Dali painting from 30 years ago, with a consistent 10% annual increase, is calculated using the compound interest formula and is now worth approximately $68,924.55.
Explanation:
The question pertains to the growth of an investment over time using a fixed annual interest rate, which in this case is 10%. To calculate the current value of an investment, you would use the formula for compound interest:
V = P(1 + r)ⁿ
Where:
V is the future value of the investment,
P is the principal amount ($3,950),
r is the annual interest rate (10% or 0.10), and
n is the number of years the money is invested (30 years).
Using the formula:
V = 3,950(1 + 0.10)³⁰
V = 3,950(1.10)³⁰
V = 3,950(17.449)
V = $68,924.55
Therefore, the investment in the Salvador Dali 'melted clocks' painting is now worth approximately $68,924.55.
Which of the following is most likely to be a disadvantage of increasing your market share?
A.
You may lose your economies of scale.
B.
You may invite competition.
C.
You may lose power in dealing with suppliers.
D.
You may lose customers.
A disadvantage of increasing your market share is you may invite competition. Market share represents the percentage of an industry or market where one company has a generated sales over a specific period fo time. When you increase your market share, competition is able to enter the market easier and gain customers and control over the market.
A measurement instrument exhibits _____ if it measures what it is supposed to measure, and not something else.
A measurement instrument exhibits validity if it measures what it is supposed to measure, and not something else.
Validity is when something is valid, so the information found is logically of factually correct. If an instrument measures something accurately, then there is validity in what was found. So the measurement instrument is a accurate tool to use.
How many spaces do you include before the @ symbol in an email address? Zero One Two Three
there are 3 steps in recycling which is the first step
Checking and rechecking work for mistakes is an example of
A. Paying attention to detail
B. Being overly careful
C. Multitasking
D. Taking initiative
Checking and rechecking work for mistakes is an example of p aying attention to detail. Correct answer: A This way will be done the follosing checks: check for accuracy , check for consistency and check for completion .
There are techniques which you can apply that will help you become better at paying attention to detail. Some of them is to get organized, to make lists, limit distractions and take regular breaks.
Holton is the manager at a small restaurant. What can he do to ensure the workplace offers a safe environment for employees
Answer:
Holton has to ensure the employees wear the suitable footwear such as closed-toed footwear when they are in the kitchen. The footwear can prevent lacerations from knives that accidentally fallen on the floor.
Holton can also offer fire safety training to his employee to ensure they are aware of the location of fire extinguishers and blankets in the restaurant and also where to evacuate during emergency.
Yvette is a customer of Apexon Bank, which is a member of the FDIC. She currently has a checking account that has $17,371 and a savings account with $240,000 in it. How much of Yvette's money is FDIC-protected? A: $240,000 B: $257,371 C: $250,000 D: $0
Answer: 250,000
Explanation:
During your ______ process, you will be asked to become an organ donor which could save or improve the quality of life for others who suffer from organ failure, burns and other defects.
Individuals are given the option to become organ donors during the driver's license renewal or application process. This decision can save lives, though ethical considerations around consent are paramount. Blood relatives are typically preferred donors due to genetic compatibility, and immunosuppression is crucial in transplantation.
Explanation:During the process of obtaining a driver's license or renewing an existing one, individuals are often asked whether they would like to become an organ donor. This choice can significantly impact the lives of others, as a single donor could potentially save or improve the quality of life for individuals suffering from organ failure, severe burns, or other medical conditions. The discussion around organ donation touches on crucial ethical considerations in medicine and science, as it's imperative to respect the dignity, safety, and consent of all individuals involved.
Blood relatives are often preferred as organ donors because they are more likely to be genetically compatible with the recipient, reducing the risk of immune system rejection. Immunosuppression plays an essential role in the transplantation process, helping prevent the recipient's immune system from attacking the transplanted organ. Advances in medical science, such as the development of 3D printed organs and the genetic modification of donor animals, promise a future where the demand for organ donors may be alleviated, and the risk of rejection further minimized.
Which one of these careers requires the best quick decision making skills?
A-Tax Auditor
B-City planner
C-Police officer
D-Armored car guard
Darryl makes 70,000 a year as a software engineer. Darryl rents an apartment and has an emergency savings fund for 10 months of living expenses. Darryl got a tip from a friend and invested $10,000 in a new candy company. He has no other investments. What do you think is darryls risk tolerance level: safe, moderate, or risky? Describe Darryls tolerance risk and the reason for answer
Which of the following is a challenge faced by developing nations? A. Growing population B. Declining population C. Lack of effort D. Increased saving and investing
12 less than the quantity of a number and 7 is -2
Which is located at the point, where the supply and demand curves intersect?
The equilibrium price