Final answer:
Small businesses have the advantage of being able to make and execute decisions quickly compared to larger firms, primarily due to their simplified organizational structures and less bureaucratic decision-making processes.
Step-by-step explanation:
Among the advantages of small businesses over larger firms, option A is correct. Small businesses can quickly make and execute business decisions due to their size and streamlined decision-making processes. In contrast, large firms often have more complex hierarchies and procedures that can slow down their response to market changes.
Option B is incorrect because small businesses typically have access to a more limited workforce compared to the vast pool available to large firms. Option C is also incorrect because all businesses, regardless of size, are required to pay taxes. Option D is not typically seen as an advantage for small businesses, as they may find rapid growth challenging to manage. Lastly, option E is not generally accurate, as larger firms often have resources to attract highly trained and competent staff.