首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Federal efforts to aid minority businesses began in the 1960’s when the Small Business Administration (SBA) began making federal
Federal efforts to aid minority businesses began in the 1960’s when the Small Business Administration (SBA) began making federal
admin
2011-01-02
29
问题
Federal efforts to aid minority businesses began in the 1960’s when the Small Business Administration (SBA) began making federally guaranteed loans and government-sponsored management and technical assistance available to minority business enterprises. While this program enabled many minority entrepreneurs to form new businesses, the results were disappointing, since managerial inexperience, unfavorable locations, and capital shortages led to high failures rates. Even 15 years after the program was implemented, minority business, receipts were not quite two percent of the national economy’s total receipts.
Recently federal policymakers have adopted an approach intended to accelerate development of the minority business sector by moving away from directly aiding small minority enterprises and toward supporting larger, growth-oriented minority firms through intermediary companies. In this approach, large corporations participate in the development of successful and stable minority businesses by making use of government-sponsored venture capital. The capital is used by a Minority Enterprise Small Business Investment Company or MESBIC. The MESBIC then provides capital and guidance to minority businesses that have potential to become future suppliers or customers of the sponsoring company.
MESBIC’s are the result of the belief that providing established firms with easier access to relevant management techniques and more job-specific experience, as well as substantial amounts of capital, gives those firms a greater opportunity to develop sound business foundations than does simply making general management experience and small amounts of capital available. Further, since potential markets for the minority busineses already exist through the sponsoring companies the minority businesses face conisderably less risk in terms of location. Following early financial and operating problems, sponsoring corporations began to capitalize MESBIC’s far above the legal minimum of $ 500,00 in order to generate sufficient income and to sustain the quality of management needed. MESBIC’s are now emerging as increasingly important financing sources for minority enterprises.
Ironically, MESBIC staffs, which usually consist of Hispanic and Black professionals, tend to approach investments in minority firms more pragmatically than do many MESBIC directors, who are usually senior managers from sponsoring corporations. The latter often still think mainly in terms of the "social responsibility approach" and thus seem to prefer deals that are riskier and less attractive than normal investment criteria would warrant. Such differences in viewpoint have produced uneasiness among many minority staff members, who feel that minority entrepreneurs and businesses should be judged by established business considerations. These staff members believe their point of view is closer to the original philosophy of MESBIC’s and they are concerned that, unless a more prudent course is followed, MESBIC directors may revert to policies likely to recreate the disappointing results of the original SBA approach.
The author’s primary Objective in the passage is to ______.
选项
A、disprove the view that federal efforts to aid minority businesses have been ineffective
B、explain how federal efforts to aid minority businesses have changed since the 1960’s
C、establish a direct link between the federal efforts to aid minority businesses made before the 1960s and those made in the 1980s
D、analyze the basis for the belief that job-specific experience is more useful to minority businesses than is general management experience
答案
B
解析
该题问:作者的写作目的是什么?A项意为“证明一个观点错误:联邦资助少数民族企业是无效的”,在原文中并没有反驳别的观点的内容。B项意为“解释联邦资助少数民族企业的计划自60年代以来怎么转变”。这项为正确选项,此项说的即原文所说的从SBA到MESBIC的变化。C项未提in the 1980s的内容。D项job-specific experience和general management experience的比较在原文中未出现。
转载请注明原文地址:https://kaotiyun.com/show/AFeO777K
0
专业英语八级
相关试题推荐
Aswellastheproblemsconcernedwithobtaininggoodqualityaudiorecordings,recordingalsoraisesimportanttheoreticalprob
Scholarandstudentshavealwaysbeengreattravelers.Theofficialcasefor"academicmobility"isnowoftenstatedinimpressi
Theworldisinaself-destructionmode,BythisstatementImeanthatthepeopleoftheworldarebentonmakingthisplanetin
Whoisthecreatorandagreatmasterofthehistoricalnovel?
_______andWilliamShakespearearethebestrepresentativesoftheEnglishhumanism.
ThesettingsofmostnovelsbyHardyarefoundin______,thefictionalprimitiveruralregionthatisreallythehomeplacehe
Manyobjectsindailyusehaveclearlybeeninfluencedbyscience,buttheirformandfunction,theirdimensionsandappearance,
Socialcustomsandwaysofbehavingchange.Thingswhichwereconsideredimpolitemanyyearsagoareacceptable.Justa【1】___
A、MuslimsB、SerbsC、CroatsD、allaboveD
随机试题
1995年9月1日施行的新中国成立以来我国制定的第一部教育基本法是()。
全损
互相尊重、密切合作、互相学习是
A.病邪入里B.寒邪化热C.邪退正复D.热退津复E.湿热留恋舌苔由黄燥转为白润,提示()
A.羌活B.独活C.木瓜D.防己E.五加皮
市场营销学者在20世纪70年代提出了()。
企业信息安全管理中发生失误导致的风险属于()。
下列关于婴幼儿头顶至臂长和身长测量的叙述,错误的是()
宋刚、常达、王欣、柳大文、刘莺5人参加电视大奖赛中共同闯关成功,荣获赴三亚旅游机会。5人约定在三亚会面。宋刚到三亚后,已有两人先到,王欣比常达先到、比刘莺后到,柳大文最后到达。根据上述断定,5人到达三亚的后、先后顺序是:
Everyhumanbeinghasuniquearrangementofskinonhisfingersandthisarrangementisunchangeable.Scientistsandexpertshav
最新回复
(
0
)