1 WHAT IS SMALL?Small business is defined as an enterprise that "is independently owned and operated; it notdominant in its field of operation, and meets certain standards in terms of employees or annualreceipts." Those "certain standards are set by the Small Business Administration Office (SBA) of SizeStandards. In some industries, a "small" business must have fewer than 500 employees. In others, thelimit is a dollar revenue figure, such as $6.5 million.Go to the SBA website (www.sba.gov) and navigate to the "Size Standards" page. Use the table on theSBA website to find the size limitations for the following industries:1. Scheduled passenger air transport2. Internet service providers3. Credit unions4. Breakfast cereal manufacturing5. Cheese manufacturing6. Florists7. Aircraft manufacturing8. Motorcycle an bicycle manufacturing9. Cellular and wireless telecommunications10. Radio stations

As per the Bartleby Honor code we are not supposed to answer more than 3 interlinked questions at a…

Answered: 1. Scheduled passenger air transport 2.…

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section15.8B: Financial Ratios

Problem 2CC

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1. Scheduled passenger air transport 2. Internet service providers 3. Credit unions the following industries: