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American Bankers Association CRCM Exam - Topic 1 Question 65 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 65
Topic #: 1

[All CRCM Questions]

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

Show Suggested Answer

Suggested Answer: B

by Leota at Feb 04, 2023, 05:15 PM

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Larae

10 months ago

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

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Julio

10 months ago

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

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Josephine

10 months ago

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

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Bonita

11 months ago

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

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Dalene

11 months ago

Small businesses under CRA rules employ fewer than 50 people.

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Shenika

11 months ago

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

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Elenora

11 months ago

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

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Clay

11 months ago

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

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Vallie

11 months 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.

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Cherry

11 months ago

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

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Krissy

11 months 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?

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Altha

11 months 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.

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Howard

11 months 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.

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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!

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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.

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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?

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Mabel

1 year ago

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

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Truman

1 year ago

B) Has assets of less than $5 million

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Weldon

1 year ago

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

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Mitsue

1 year ago

A) Employs fewer than 50 people

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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.

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Earlean

1 year ago

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

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Olga

1 year ago

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

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Benedict

1 year ago

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

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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'.

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Galen

1 year ago

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

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Ben

1 year ago

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

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Caren

1 year ago

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

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Galen

1 year ago

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

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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.

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Shaun

1 year ago

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

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Lottie

1 year ago

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

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Chanel

1 year ago

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

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Paola

1 year ago

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

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