Question 71 out of 1 pointsA _____ is best described as any independently owned and operated business that is not dominant in its competitive area and does not employ more than 500 people. Selected Answer:small businessAnswers:limited liability companysmall businesspublicly traded companyconglomeratepublicly owned business Question 81 out of 1 points_____ is a volunteer agency funded by the Small Business Administration to provide advice for owners of small firms.

Question 91 out of 1 points_____ is the process of creating and managing a business to achieve desired objectives. Question 101 out of 1 pointsA small business is any independently owned business that employs not more than _____ people.

Question 111 out of 1 pointsA precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals is known as a(n) _____. Selected Answer:business planAnswers:article of partnershippromissory notearticle of incorporationbusiness agreementbusiness plan Question 121 out of 1 pointsWhich of the following is a drawback of obtaining money from venture capitalists to start a small business?