Managing a Small Business: Learning Outcome 5
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Questions and Answers

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

  • Consulting Executives Alliance and Business Support Group
  • Service Corps of Retired Executives and Active Corps of Executives (correct)
  • Senior Corps and Business Corps
  • Management Volunteers Network and Business Mentor Association

    • How does the SBA support women and minorities in business?

  • By facilitating employee recruitment for women and minorities
  • By organizing global market expansion seminars
  • By offering micro-loans and publishing Spanish-language materials (correct)
  • By providing free online courses only

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

  • To offer financial assistance to business owners
  • To publish publications on various business topics (correct)
  • To provide medical advice
  • To organize employee training workshops

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

    <p>Immigrants</p> Signup and view all the answers

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

    <p>They employ 27.5 million people</p> Signup and view all the answers

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

    <p>Veterans Entrepreneurship Program</p> Signup and view all the answers

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

    <p>Free online resources and courses</p> Signup and view all the answers

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

    <p>$3.6 trillion contribution to the economy</p> Signup and view all the answers

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

    <p>Free online resources and courses</p> Signup and view all the answers

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

    <p>$3.6 trillion</p> Signup and view all the answers

    Who employs 27.5 million people according to the text?

    <p>Women-owned businesses</p> Signup and view all the answers

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

    <p>Veterans</p> Signup and view all the answers

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

    <p>Assisting small business owners</p> Signup and view all the answers

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

    <p>$3.6 trillion</p> Signup and view all the answers

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

    Signup and view all the answers

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

    <p>Free online resources and courses</p> Signup and view all the answers

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

    <p>$3.6 trillion</p> Signup and view all the answers

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

    <p>They contribute $7.6 trillion</p> Signup and view all the answers

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

    <p>'Get-rich-quick' schemes</p> Signup and view all the answers

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

    <p>9.1 million</p> Signup and view all the answers

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

    <p>Veterans</p> Signup and view all the answers

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

    <p>Women-owned businesses</p> Signup and view all the answers

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

    <p>'Get-rich-quick' schemes</p> Signup and view all the answers

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