Managing a Small Business: Learning Outcome 5

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MarvellousFeynman
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23 Questions

What are two volunteer groups that provide free management consulting for small business owners through the SBA?

Service Corps of Retired Executives and Active Corps of Executives

How does the SBA support women and minorities in business?

By offering micro-loans and publishing Spanish-language materials

What is the main purpose of the Business Development Library mentioned in the text?

To publish publications on various business topics

Which group is NOT mentioned in the text as receiving special assistance from the SBA?

Immigrants

What is the significance of America's 9.1 million women-owned businesses mentioned in the text?

They employ 27.5 million people

Which program is dedicated to helping veterans start their own businesses?

Veterans Entrepreneurship Program

What type of resources does the SBA offer for small business owners?

Free online resources and courses

Which statement is true about the contribution of women-owned businesses to the economy?

$3.6 trillion contribution to the economy

What type of resources does the SBA provide for small business owners?

Free online resources and courses

How much do women-owned businesses contribute to the economy according to the text?

$3.6 trillion

Who employs 27.5 million people according to the text?

Women-owned businesses

Which group receives special assistance from the SBA according to the text?

Veterans

What is the main focus of the Business Development Library mentioned in the text?

Assisting small business owners

What is the main contribution of women-owned businesses to the economy?

$3.6 trillion

Which two groups are mentioned in the text as receiving free management consulting through the SBA?

Which resource is mentioned in the text as being provided by the SBA for small business owners?

Free online resources and courses

What is the estimated contribution of women-owned businesses to the economy according to the text?

$3.6 trillion

What is a common misconception about how women-owned businesses contribute to the economy?

They contribute $7.6 trillion

What is a service NOT mentioned in the text as being provided by the SBA to assist small business owners?

'Get-rich-quick' schemes

How many women-owned businesses employ 27.5 million people according to the text?

9.1 million

Which group does the SBA provide special assistance to according to the text?

Veterans

Which type of businesses are discussed in the text as providing a significant contribution to the economy?

Women-owned businesses

What is one type of assistance NOT mentioned in the text as being provided for small business owners by volunteer groups?

'Get-rich-quick' schemes

Learn about the importance of carrying out a business plan in all areas of a small business, such as personnel, production, and maintenance. Explore the option of using outside consultants to ease the burden of business management.

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