A statement about small business size: small businesses typically have 1-19 employees.

A statement about small business size: small businesses typically have 1-19 employees.

• A. True
• B. False
• C. Sometimes
• D. Not sure

Answer: (A)

Understanding the size of a small business is usually based on how many people it employs. In many introductory business studies, a small business is defined as having between 1 and 19 employees. This makes the statement true because it matches the common threshold used to distinguish small businesses from larger ones, which have more staff and different resource constraints. The small size often means closer owner involvement, simpler structures, and different access to finance and economies of scale. Keep in mind that some official definitions use other measures, like turnover, or set different employee caps depending on the industry, but within the typical Year 11 framework, 1–19 employees is the standard for a small business.

Understanding the size of a small business is usually based on how many people it employs. In many introductory business studies, a small business is defined as having between 1 and 19 employees. This makes the statement true because it matches the common threshold used to distinguish small businesses from larger ones, which have more staff and different resource constraints. The small size often means closer owner involvement, simpler structures, and different access to finance and economies of scale. Keep in mind that some official definitions use other measures, like turnover, or set different employee caps depending on the industry, but within the typical Year 11 framework, 1–19 employees is the standard for a small business.