MGTA01H3 Lecture Notes - Canada A National Rugby Union Team, Small Business, Income Statement
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MGTA01H3 Full Course Notes
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Document Summary
Chapter 3 understanding entrepreneurship, small business, and new. Industry canada is the main federal government agency responsible for small businesses. In small business statistics, the government relies on two sources: the business register. To be included in the register, a business must have one paid employee, annual sales revenue of 000 or more, or be incorporated. Goods-producing business is considered small if it has less than 100 employees, whereas a service-producing business is small if it has less than 50 employees: the labour force survey. Uses information from individuals to make estimates of employment and unemployment levels. Individuals are self-employed if they: are working owners of a business that is either incorporated or unincorporated, work for themselves but do not have a business, work without pay in a family business. Unincorporated business operated by a self-employed person would not be counted among the 2. 2 million business register. Small business: owner-managed business with less than 100 employees.
