Micro Business Quiz
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Questions and Answers

What is a micro business?

  • A business that primarily deals with macroeconomics
  • A business that employs fewer than 10 people (correct)
  • A business that generates over $1 million in revenue annually
  • A business that operates on a global scale

    • What is a common characteristic of micro businesses?

  • Limited access to capital and funding (correct)
  • Large-scale manufacturing capabilities
  • Extensive bureaucratic processes
  • Highly diversified product range

    • How do micro businesses typically contribute to the economy?

  • By monopolizing the market
  • By creating employment opportunities (correct)
  • By engaging in aggressive price wars
  • By influencing international trade policies

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