Question

Hawaiian-born Jon P. Farmer is the founder of Kolopua Hawaii LLC, a company that markets Pure Hawaiian Air. Bottles of Pure Hawaiian Air contain air that smells like the floral bouquet that greets tourists as they get off the plane in Hawaii. Which of the following federal agencies should Farmer contact if he needs management assistance?
A. Federal Aid Program.
B. Business Welfare Administration.
C. Small Business Administration.
D. Council for Small Business.
E. Business Incubator Agency.

Answer 1

Answer:

C. Small Business Administration.

Explanation:

Small Business Administration (SBA) can be defined as a federal government agency that offers both managerial and financial assistance to small businesses located in the United States of America. SBA was established in 1953 as an autonomous or independent agency of the government of the United States of America. Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, in order to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

Hence, the federal agency the Farmer should contact if he needs management assistance is Small Business Administration.