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Directions:Passage For Question 1 to 9Recent years have presented both opportunities and risks for minority-owned businesses in the United States. Activists have long argued that the lack of access to substantial contracts and subcontracts from large companies hinders the establishment of minority businesses. In response to this concern, Congress has mandated that businesses awarded federal contracts over $500,000 make an effort to find minority subcontractors and document their efforts with the government. Some federal and local agencies have even set specific percentage goals for allocating parts of public works contracts to minority enterprises. Corporate response to these initiatives has been significant, with corporate contracts with minority businesses increasing from $77 million to $1.1 billion in 1977. Projections indicate that corporate contracts with minority businesses will surpass $3 billion per year in the early 1980s. While this patronage is promising for minority businesses, it also poses risks. Firstly, small minority firms may risk expanding too quickly and becoming financially overextended. Unlike large businesses, they often need to make substantial investments in infrastructure and staff to fulfill subcontracted work, making them vulnerable to reduced subcontracts and crippling fixed expenses. Secondly, white-owned companies may seek to capitalize on the increased apportionments by forming joint ventures with minority-owned businesses. While legitimate joint ventures can be formed, there is a risk of white backers using minority-owned concerns as fronts to obtain subcontracts. Thirdly, minority enterprises that rely heavily on a single large corporate customer run the danger of becoming dependent. Fierce competition from larger, established companies makes it challenging for small businesses to broaden their customer bases. When these firms have guaranteed orders from a single benefactor, they may become complacent and struggle to seek new opportunities.Q. The passage supplies information that would answer which of the following questions?a)What federal agencies have set percentage goals for the use of minority owned businesses inpublic works contracts?b)To which governments agencies must businesses awarded federal contracts report theirefforts to find minority subcontractors?c)How widespread is the use of minority-owned concerns as "fronts; by White backers seekingto obtain subcontracts?d)How many more minority owned businesses were there in 1977 than in 1972?e)What is one set of conditions under which a small business might find itself financiallyoverextended?Correct answer is option 'E'. Can you explain this answer? for MCAT 2025 is part of MCAT preparation. The Question and answers have been prepared according to the MCAT exam syllabus. Information about Directions:Passage For Question 1 to 9Recent years have presented both opportunities and risks for minority-owned businesses in the United States. Activists have long argued that the lack of access to substantial contracts and subcontracts from large companies hinders the establishment of minority businesses. In response to this concern, Congress has mandated that businesses awarded federal contracts over $500,000 make an effort to find minority subcontractors and document their efforts with the government. Some federal and local agencies have even set specific percentage goals for allocating parts of public works contracts to minority enterprises. Corporate response to these initiatives has been significant, with corporate contracts with minority businesses increasing from $77 million to $1.1 billion in 1977. Projections indicate that corporate contracts with minority businesses will surpass $3 billion per year in the early 1980s. While this patronage is promising for minority businesses, it also poses risks. Firstly, small minority firms may risk expanding too quickly and becoming financially overextended. Unlike large businesses, they often need to make substantial investments in infrastructure and staff to fulfill subcontracted work, making them vulnerable to reduced subcontracts and crippling fixed expenses. Secondly, white-owned companies may seek to capitalize on the increased apportionments by forming joint ventures with minority-owned businesses. While legitimate joint ventures can be formed, there is a risk of white backers using minority-owned concerns as fronts to obtain subcontracts. Thirdly, minority enterprises that rely heavily on a single large corporate customer run the danger of becoming dependent. Fierce competition from larger, established companies makes it challenging for small businesses to broaden their customer bases. When these firms have guaranteed orders from a single benefactor, they may become complacent and struggle to seek new opportunities.Q. The passage supplies information that would answer which of the following questions?a)What federal agencies have set percentage goals for the use of minority owned businesses inpublic works contracts?b)To which governments agencies must businesses awarded federal contracts report theirefforts to find minority subcontractors?c)How widespread is the use of minority-owned concerns as "fronts; by White backers seekingto obtain subcontracts?d)How many more minority owned businesses were there in 1977 than in 1972?e)What is one set of conditions under which a small business might find itself financiallyoverextended?Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for MCAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions:Passage For Question 1 to 9Recent years have presented both opportunities and risks for minority-owned businesses in the United States. Activists have long argued that the lack of access to substantial contracts and subcontracts from large companies hinders the establishment of minority businesses. In response to this concern, Congress has mandated that businesses awarded federal contracts over $500,000 make an effort to find minority subcontractors and document their efforts with the government. Some federal and local agencies have even set specific percentage goals for allocating parts of public works contracts to minority enterprises. Corporate response to these initiatives has been significant, with corporate contracts with minority businesses increasing from $77 million to $1.1 billion in 1977. Projections indicate that corporate contracts with minority businesses will surpass $3 billion per year in the early 1980s. While this patronage is promising for minority businesses, it also poses risks. Firstly, small minority firms may risk expanding too quickly and becoming financially overextended. Unlike large businesses, they often need to make substantial investments in infrastructure and staff to fulfill subcontracted work, making them vulnerable to reduced subcontracts and crippling fixed expenses. Secondly, white-owned companies may seek to capitalize on the increased apportionments by forming joint ventures with minority-owned businesses. While legitimate joint ventures can be formed, there is a risk of white backers using minority-owned concerns as fronts to obtain subcontracts. Thirdly, minority enterprises that rely heavily on a single large corporate customer run the danger of becoming dependent. Fierce competition from larger, established companies makes it challenging for small businesses to broaden their customer bases. When these firms have guaranteed orders from a single benefactor, they may become complacent and struggle to seek new opportunities.Q. The passage supplies information that would answer which of the following questions?a)What federal agencies have set percentage goals for the use of minority owned businesses inpublic works contracts?b)To which governments agencies must businesses awarded federal contracts report theirefforts to find minority subcontractors?c)How widespread is the use of minority-owned concerns as "fronts; by White backers seekingto obtain subcontracts?d)How many more minority owned businesses were there in 1977 than in 1972?e)What is one set of conditions under which a small business might find itself financiallyoverextended?Correct answer is option 'E'. Can you explain this answer?.

Solutions for Directions:Passage For Question 1 to 9Recent years have presented both opportunities and risks for minority-owned businesses in the United States. Activists have long argued that the lack of access to substantial contracts and subcontracts from large companies hinders the establishment of minority businesses. In response to this concern, Congress has mandated that businesses awarded federal contracts over $500,000 make an effort to find minority subcontractors and document their efforts with the government. Some federal and local agencies have even set specific percentage goals for allocating parts of public works contracts to minority enterprises. Corporate response to these initiatives has been significant, with corporate contracts with minority businesses increasing from $77 million to $1.1 billion in 1977. Projections indicate that corporate contracts with minority businesses will surpass $3 billion per year in the early 1980s. While this patronage is promising for minority businesses, it also poses risks. Firstly, small minority firms may risk expanding too quickly and becoming financially overextended. Unlike large businesses, they often need to make substantial investments in infrastructure and staff to fulfill subcontracted work, making them vulnerable to reduced subcontracts and crippling fixed expenses. Secondly, white-owned companies may seek to capitalize on the increased apportionments by forming joint ventures with minority-owned businesses. While legitimate joint ventures can be formed, there is a risk of white backers using minority-owned concerns as fronts to obtain subcontracts. Thirdly, minority enterprises that rely heavily on a single large corporate customer run the danger of becoming dependent. Fierce competition from larger, established companies makes it challenging for small businesses to broaden their customer bases. When these firms have guaranteed orders from a single benefactor, they may become complacent and struggle to seek new opportunities.Q. The passage supplies information that would answer which of the following questions?a)What federal agencies have set percentage goals for the use of minority owned businesses inpublic works contracts?b)To which governments agencies must businesses awarded federal contracts report theirefforts to find minority subcontractors?c)How widespread is the use of minority-owned concerns as "fronts; by White backers seekingto obtain subcontracts?d)How many more minority owned businesses were there in 1977 than in 1972?e)What is one set of conditions under which a small business might find itself financiallyoverextended?Correct answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for MCAT. Download more important topics, notes, lectures and mock test series for MCAT Exam by signing up for free.

Here you can find the meaning of Directions:Passage For Question 1 to 9Recent years have presented both opportunities and risks for minority-owned businesses in the United States. Activists have long argued that the lack of access to substantial contracts and subcontracts from large companies hinders the establishment of minority businesses. In response to this concern, Congress has mandated that businesses awarded federal contracts over $500,000 make an effort to find minority subcontractors and document their efforts with the government. Some federal and local agencies have even set specific percentage goals for allocating parts of public works contracts to minority enterprises. Corporate response to these initiatives has been significant, with corporate contracts with minority businesses increasing from $77 million to $1.1 billion in 1977. Projections indicate that corporate contracts with minority businesses will surpass $3 billion per year in the early 1980s. While this patronage is promising for minority businesses, it also poses risks. Firstly, small minority firms may risk expanding too quickly and becoming financially overextended. Unlike large businesses, they often need to make substantial investments in infrastructure and staff to fulfill subcontracted work, making them vulnerable to reduced subcontracts and crippling fixed expenses. Secondly, white-owned companies may seek to capitalize on the increased apportionments by forming joint ventures with minority-owned businesses. While legitimate joint ventures can be formed, there is a risk of white backers using minority-owned concerns as fronts to obtain subcontracts. Thirdly, minority enterprises that rely heavily on a single large corporate customer run the danger of becoming dependent. Fierce competition from larger, established companies makes it challenging for small businesses to broaden their customer bases. When these firms have guaranteed orders from a single benefactor, they may become complacent and struggle to seek new opportunities.Q. The passage supplies information that would answer which of the following questions?a)What federal agencies have set percentage goals for the use of minority owned businesses inpublic works contracts?b)To which governments agencies must businesses awarded federal contracts report theirefforts to find minority subcontractors?c)How widespread is the use of minority-owned concerns as "fronts; by White backers seekingto obtain subcontracts?d)How many more minority owned businesses were there in 1977 than in 1972?e)What is one set of conditions under which a small business might find itself financiallyoverextended?Correct answer is option 'E'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions:Passage For Question 1 to 9Recent years have presented both opportunities and risks for minority-owned businesses in the United States. Activists have long argued that the lack of access to substantial contracts and subcontracts from large companies hinders the establishment of minority businesses. In response to this concern, Congress has mandated that businesses awarded federal contracts over $500,000 make an effort to find minority subcontractors and document their efforts with the government. Some federal and local agencies have even set specific percentage goals for allocating parts of public works contracts to minority enterprises. Corporate response to these initiatives has been significant, with corporate contracts with minority businesses increasing from $77 million to $1.1 billion in 1977. Projections indicate that corporate contracts with minority businesses will surpass $3 billion per year in the early 1980s. While this patronage is promising for minority businesses, it also poses risks. Firstly, small minority firms may risk expanding too quickly and becoming financially overextended. Unlike large businesses, they often need to make substantial investments in infrastructure and staff to fulfill subcontracted work, making them vulnerable to reduced subcontracts and crippling fixed expenses. Secondly, white-owned companies may seek to capitalize on the increased apportionments by forming joint ventures with minority-owned businesses. While legitimate joint ventures can be formed, there is a risk of white backers using minority-owned concerns as fronts to obtain subcontracts. Thirdly, minority enterprises that rely heavily on a single large corporate customer run the danger of becoming dependent. Fierce competition from larger, established companies makes it challenging for small businesses to broaden their customer bases. When these firms have guaranteed orders from a single benefactor, they may become complacent and struggle to seek new opportunities.Q. The passage supplies information that would answer which of the following questions?a)What federal agencies have set percentage goals for the use of minority owned businesses inpublic works contracts?b)To which governments agencies must businesses awarded federal contracts report theirefforts to find minority subcontractors?c)How widespread is the use of minority-owned concerns as "fronts; by White backers seekingto obtain subcontracts?d)How many more minority owned businesses were there in 1977 than in 1972?e)What is one set of conditions under which a small business might find itself financiallyoverextended?Correct answer is option 'E'. Can you explain this answer?, a detailed solution for Directions:Passage For Question 1 to 9Recent years have presented both opportunities and risks for minority-owned businesses in the United States. Activists have long argued that the lack of access to substantial contracts and subcontracts from large companies hinders the establishment of minority businesses. In response to this concern, Congress has mandated that businesses awarded federal contracts over $500,000 make an effort to find minority subcontractors and document their efforts with the government. Some federal and local agencies have even set specific percentage goals for allocating parts of public works contracts to minority enterprises. Corporate response to these initiatives has been significant, with corporate contracts with minority businesses increasing from $77 million to $1.1 billion in 1977. Projections indicate that corporate contracts with minority businesses will surpass $3 billion per year in the early 1980s. While this patronage is promising for minority businesses, it also poses risks. Firstly, small minority firms may risk expanding too quickly and becoming financially overextended. Unlike large businesses, they often need to make substantial investments in infrastructure and staff to fulfill subcontracted work, making them vulnerable to reduced subcontracts and crippling fixed expenses. Secondly, white-owned companies may seek to capitalize on the increased apportionments by forming joint ventures with minority-owned businesses. While legitimate joint ventures can be formed, there is a risk of white backers using minority-owned concerns as fronts to obtain subcontracts. Thirdly, minority enterprises that rely heavily on a single large corporate customer run the danger of becoming dependent. Fierce competition from larger, established companies makes it challenging for small businesses to broaden their customer bases. When these firms have guaranteed orders from a single benefactor, they may become complacent and struggle to seek new opportunities.Q. The passage supplies information that would answer which of the following questions?a)What federal agencies have set percentage goals for the use of minority owned businesses inpublic works contracts?b)To which governments agencies must businesses awarded federal contracts report theirefforts to find minority subcontractors?c)How widespread is the use of minority-owned concerns as "fronts; by White backers seekingto obtain subcontracts?d)How many more minority owned businesses were there in 1977 than in 1972?e)What is one set of conditions under which a small business might find itself financiallyoverextended?Correct answer is option 'E'. Can you explain this answer? has been provided alongside types of Directions:Passage For Question 1 to 9Recent years have presented both opportunities and risks for minority-owned businesses in the United States. Activists have long argued that the lack of access to substantial contracts and subcontracts from large companies hinders the establishment of minority businesses. In response to this concern, Congress has mandated that businesses awarded federal contracts over $500,000 make an effort to find minority subcontractors and document their efforts with the government. Some federal and local agencies have even set specific percentage goals for allocating parts of public works contracts to minority enterprises. Corporate response to these initiatives has been significant, with corporate contracts with minority businesses increasing from $77 million to $1.1 billion in 1977. Projections indicate that corporate contracts with minority businesses will surpass $3 billion per year in the early 1980s. While this patronage is promising for minority businesses, it also poses risks. Firstly, small minority firms may risk expanding too quickly and becoming financially overextended. Unlike large businesses, they often need to make substantial investments in infrastructure and staff to fulfill subcontracted work, making them vulnerable to reduced subcontracts and crippling fixed expenses. Secondly, white-owned companies may seek to capitalize on the increased apportionments by forming joint ventures with minority-owned businesses. While legitimate joint ventures can be formed, there is a risk of white backers using minority-owned concerns as fronts to obtain subcontracts. Thirdly, minority enterprises that rely heavily on a single large corporate customer run the danger of becoming dependent. Fierce competition from larger, established companies makes it challenging for small businesses to broaden their customer bases. When these firms have guaranteed orders from a single benefactor, they may become complacent and struggle to seek new opportunities.Q. The passage supplies information that would answer which of the following questions?a)What federal agencies have set percentage goals for the use of minority owned businesses inpublic works contracts?b)To which governments agencies must businesses awarded federal contracts report theirefforts to find minority subcontractors?c)How widespread is the use of minority-owned concerns as "fronts; by White backers seekingto obtain subcontracts?d)How many more minority owned businesses were there in 1977 than in 1972?e)What is one set of conditions under which a small business might find itself financiallyoverextended?Correct answer is option 'E'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions:Passage For Question 1 to 9Recent years have presented both opportunities and risks for minority-owned businesses in the United States. Activists have long argued that the lack of access to substantial contracts and subcontracts from large companies hinders the establishment of minority businesses. In response to this concern, Congress has mandated that businesses awarded federal contracts over $500,000 make an effort to find minority subcontractors and document their efforts with the government. Some federal and local agencies have even set specific percentage goals for allocating parts of public works contracts to minority enterprises. Corporate response to these initiatives has been significant, with corporate contracts with minority businesses increasing from $77 million to $1.1 billion in 1977. Projections indicate that corporate contracts with minority businesses will surpass $3 billion per year in the early 1980s. While this patronage is promising for minority businesses, it also poses risks. Firstly, small minority firms may risk expanding too quickly and becoming financially overextended. Unlike large businesses, they often need to make substantial investments in infrastructure and staff to fulfill subcontracted work, making them vulnerable to reduced subcontracts and crippling fixed expenses. Secondly, white-owned companies may seek to capitalize on the increased apportionments by forming joint ventures with minority-owned businesses. While legitimate joint ventures can be formed, there is a risk of white backers using minority-owned concerns as fronts to obtain subcontracts. Thirdly, minority enterprises that rely heavily on a single large corporate customer run the danger of becoming dependent. Fierce competition from larger, established companies makes it challenging for small businesses to broaden their customer bases. When these firms have guaranteed orders from a single benefactor, they may become complacent and struggle to seek new opportunities.Q. The passage supplies information that would answer which of the following questions?a)What federal agencies have set percentage goals for the use of minority owned businesses inpublic works contracts?b)To which governments agencies must businesses awarded federal contracts report theirefforts to find minority subcontractors?c)How widespread is the use of minority-owned concerns as "fronts; by White backers seekingto obtain subcontracts?d)How many more minority owned businesses were there in 1977 than in 1972?e)What is one set of conditions under which a small business might find itself financiallyoverextended?Correct answer is option 'E'. Can you explain this answer? tests, examples and also practice MCAT tests.