Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: B

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

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Larae
6 months ago
Wait, does that really mean a business with $1 million in revenue is considered small?
upvoted 0 times
...
Julio
6 months ago
I agree, the asset limit is key for small business classification.
upvoted 0 times
...
Josephine
6 months ago
Definitely has to do with assets too, like under $5 million.
upvoted 0 times
...
Bonita
6 months ago
I thought it was about revenue, not just employee count!
upvoted 0 times
...
Dalene
6 months ago
Small businesses under CRA rules employ fewer than 50 people.
upvoted 0 times
...
Shenika
7 months ago
I feel like the definition could also include access to credit markets, but I can't pinpoint the exact wording.
upvoted 0 times
...
Elenora
7 months ago
I practiced a question similar to this, and I believe it was about assets being under $5 million.
upvoted 0 times
...
Clay
7 months ago
I recall something about the number of employees being a factor, but I’m not sure if it’s 50 or less.
upvoted 0 times
...
Vallie
7 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.
upvoted 0 times
...
Cherry
7 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.
upvoted 0 times
...
Krissy
7 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?
upvoted 0 times
...
Altha
7 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.
upvoted 0 times
...
Howard
7 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.
upvoted 0 times
...
Lorrine
11 months 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!
upvoted 0 times
...
Mica
11 months ago
You know what they say, 'Small business, big dreams!' Or is it 'Small business, big headaches?' Either way, it's all relative, folks.
upvoted 0 times
...
Carolynn
11 months 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?
upvoted 0 times
Mabel
10 months ago
I agree with B, assets seem like a good indicator of size
upvoted 0 times
...
Truman
10 months ago
B) Has assets of less than $5 million
upvoted 0 times
...
Weldon
10 months ago
I think it's actually C) Produces gross annual revenues of $1 million or less
upvoted 0 times
...
Mitsue
11 months ago
A) Employs fewer than 50 people
upvoted 0 times
...
...
Adelle
11 months ago
B has to be the right answer. Less than $5 million in assets is a pretty good way to define a small business.
upvoted 0 times
Earlean
10 months ago
Yeah, it makes sense to use assets as a criteria for defining a small business.
upvoted 0 times
...
Olga
11 months ago
I agree, having assets of less than $5 million does make sense for defining a small business.
upvoted 0 times
...
Benedict
11 months ago
I think B is the correct answer. Less than $5 million in assets seems like a good definition for a small business.
upvoted 0 times
...
...
Sharen
12 months 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'.
upvoted 0 times
Galen
10 months ago
I would go with A, as the number of employees is a good indicator of a small business.
upvoted 0 times
...
Ben
11 months ago
I think C is more appropriate, based on the gross annual revenues.
upvoted 0 times
...
Caren
11 months ago
I agree, D seems like the most accurate definition of a small business.
upvoted 0 times
...
...
Galen
1 year ago
I think it's a business that produces gross annual revenues of $1 million or less.
upvoted 0 times
...
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.
upvoted 0 times
Shaun
11 months ago
I think it's a combination of all the options, not just one.
upvoted 0 times
...
Lottie
12 months ago
I agree, C) Produces gross annual revenues of $1 million or less sounds right.
upvoted 0 times
...
...
Chanel
1 year ago
I believe it's a business with assets of less than $5 million.
upvoted 0 times
...
Paola
1 year ago
I think a small business is one that employs fewer than 50 people.
upvoted 0 times
...

Save Cancel