Discuss American Bankers Association CRCM Exam Topic 1 Question 65

What is the definition of a ''small'' business under CRA rules?

AEmploys fewer than 50 people

BHas assets of less than $5 million

CProduces gross annual revenues of $1 million or less

DDoes not generally have access to regional or national credit markets

Suggested Answer: B

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34 comments · newest first

Larae 11 months ago

Wait, does that really mean a business with $1 million in revenue is considered small?

Julio 11 months ago

I agree, the asset limit is key for small business classification.

Josephine 11 months ago

Definitely has to do with assets too, like under $5 million.

Bonita 12 months ago

I thought it was about revenue, not just employee count!

Dalene 12 months ago

Small businesses under CRA rules employ fewer than 50 people.

Shenika 1 year ago

I feel like the definition could also include access to credit markets, but I can't pinpoint the exact wording.

Elenora 1 year ago

I practiced a question similar to this, and I believe it was about assets being under $5 million.

Clay 1 year ago

I recall something about the number of employees being a factor, but I’m not sure if it’s 50 or less.

Vallie 1 year ago

I think a small business under CRA rules might be defined by its revenue, but I can't remember if it's $1 million or something else.

Cherry 1 year ago

This seems like a straightforward neuroscience question. I'll focus on recalling what I know about the neurotransmitters involved in Parkinson's disease.

Krissy 1 year ago

Okay, let's see. I know the SYSTEM and SYSAUX tablespaces are critical for the database, so I don't think those would be good candidates for compression. Maybe the infrequently accessed data files and read-only tablespaces would be better options?

Altha 1 year ago

This question is tricky! The idea of focusing on exercise issues seems like it might apply to a "hostile client," but I'm not confident about that.

Howard 1 year ago

Let me see, FIPS 199 talks about the potential impact on organizations. I think the levels are Confidential, Secret, and High, but I'm not 100% sure.

Lorrine 1 year ago

Ah, the age-old question of what defines a 'small' business. Is it the number of employees, the assets, the revenue, or the ability to get a loan? Sounds like a job for the CRA bureaucrats!

Mica 1 year ago

You know what they say, 'Small business, big dreams!' Or is it 'Small business, big headaches?' Either way, it's all relative, folks.

Carolynn 1 year ago

Hmm, I'm going to go with A. Fewer than 50 employees sounds about right for a 'small' business. Size matters, am I right?

Mabel 1 year ago

↳ replying to Carolynn

I agree with B, assets seem like a good indicator of size

Truman 1 year ago

↳ replying to Carolynn

B) Has assets of less than $5 million

Weldon 1 year ago

↳ replying to Carolynn

I think it's actually C) Produces gross annual revenues of $1 million or less

Mitsue 1 year ago

↳ replying to Carolynn

A) Employs fewer than 50 people

Adelle 1 year ago

B has to be the right answer. Less than $5 million in assets is a pretty good way to define a small business.

Earlean 1 year ago

↳ replying to Adelle

Yeah, it makes sense to use assets as a criteria for defining a small business.

Olga 1 year ago

↳ replying to Adelle

I agree, having assets of less than $5 million does make sense for defining a small business.

Benedict 1 year ago

↳ replying to Adelle

I think B is the correct answer. Less than $5 million in assets seems like a good definition for a small business.

Sharen 1 year ago

D makes the most sense to me. A business that doesn't have access to regional or national credit markets is what I'd consider 'small'.

Galen 1 year ago

↳ replying to Sharen

I would go with A, as the number of employees is a good indicator of a small business.

Ben 1 year ago

↳ replying to Sharen

I think C is more appropriate, based on the gross annual revenues.

Caren 1 year ago

↳ replying to Sharen

I agree, D seems like the most accurate definition of a small business.

Galen 1 year ago

I think it's a business that produces gross annual revenues of $1 million or less.

Dorthy 1 year ago

I think the correct answer is C. $1 million or less in gross annual revenue seems like a reasonable definition of a 'small' business under CRA rules.

Shaun 1 year ago

↳ replying to Dorthy

I think it's a combination of all the options, not just one.

Lottie 1 year ago

↳ replying to Dorthy

I agree, C) Produces gross annual revenues of $1 million or less sounds right.

Chanel 1 year ago

I believe it's a business with assets of less than $5 million.

Paola 1 year ago

I think a small business is one that employs fewer than 50 people.

American Bankers Association CRCM Exam - Topic 1 Question 65 Discussion