Question

1) What is the purpose of the Small Business Administration?

1)
B) It protects consumers against unfair practices by businesses.
C) It offers managerial and financial assistance to small businesses.
D) It protects small businesses against competition from larger companies.
E)
It ensures that newly formed businesses adhere to the law.
F) It regulates the issue of stocks by small businesses.

Answer 1

Step-by-step explanation:

SBA was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns; preserve free competitive enterprise; and maintain and strengthen the overall economy of our nation.

The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters".

Small businesses help to stimulate the economy by creating new jobs and supporting other local businesses.