Practice Quiz

MTEL Business Practice Exam

Category - Business Operations

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Which of the following statements about the role of small businesses in the U.S. economy is true?
  1. Small businesses provide more capital to the U.S. economy than do large businesses.
  2. Small businesses contribute the majority of tax revenue to the U.S. Treasury.
  3. Small businesses provide more jobs in the U.S. economy than do large businesses.
  4. Small businesses generate most of the U.S. gross domestic product.
Explanation
Correct Response: C. The Small Business Association (SBA) reports that small businesses provide both the majority of all U.S. jobs and the majority of all new U.S. jobs. Small businesses do not generate as much capital as large corporations (A), nor do they contribute the majority of tax revenue (B). Large businesses generate most of the U.S. gross domestic product, the value of final goods and services produced and marketed in the U.S. during a given period of time (D). 
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