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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 authors implied that the minority owned concern that does the greater part of its businesswith one large corporate customer shoulda)avoid competition with the larger, more established concerns by not expandingb)concentrate on securing even more business from that corporationc)try to expands its customers base to avoid becoming dependent on the corporationd)pass on some of the work to be done for the corporation to other minority owned concerns.e)use its influence with the other corporation to promote subcontracting with other minorityconcerns.Correct answer is option 'C'. 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 authors implied that the minority owned concern that does the greater part of its businesswith one large corporate customer shoulda)avoid competition with the larger, more established concerns by not expandingb)concentrate on securing even more business from that corporationc)try to expands its customers base to avoid becoming dependent on the corporationd)pass on some of the work to be done for the corporation to other minority owned concerns.e)use its influence with the other corporation to promote subcontracting with other minorityconcerns.Correct answer is option 'C'. 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 authors implied that the minority owned concern that does the greater part of its businesswith one large corporate customer shoulda)avoid competition with the larger, more established concerns by not expandingb)concentrate on securing even more business from that corporationc)try to expands its customers base to avoid becoming dependent on the corporationd)pass on some of the work to be done for the corporation to other minority owned concerns.e)use its influence with the other corporation to promote subcontracting with other minorityconcerns.Correct answer is option 'C'. 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 authors implied that the minority owned concern that does the greater part of its businesswith one large corporate customer shoulda)avoid competition with the larger, more established concerns by not expandingb)concentrate on securing even more business from that corporationc)try to expands its customers base to avoid becoming dependent on the corporationd)pass on some of the work to be done for the corporation to other minority owned concerns.e)use its influence with the other corporation to promote subcontracting with other minorityconcerns.Correct answer is option 'C'. 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 authors implied that the minority owned concern that does the greater part of its businesswith one large corporate customer shoulda)avoid competition with the larger, more established concerns by not expandingb)concentrate on securing even more business from that corporationc)try to expands its customers base to avoid becoming dependent on the corporationd)pass on some of the work to be done for the corporation to other minority owned concerns.e)use its influence with the other corporation to promote subcontracting with other minorityconcerns.Correct answer is option 'C'. 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 authors implied that the minority owned concern that does the greater part of its businesswith one large corporate customer shoulda)avoid competition with the larger, more established concerns by not expandingb)concentrate on securing even more business from that corporationc)try to expands its customers base to avoid becoming dependent on the corporationd)pass on some of the work to be done for the corporation to other minority owned concerns.e)use its influence with the other corporation to promote subcontracting with other minorityconcerns.Correct answer is option 'C'. 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 authors implied that the minority owned concern that does the greater part of its businesswith one large corporate customer shoulda)avoid competition with the larger, more established concerns by not expandingb)concentrate on securing even more business from that corporationc)try to expands its customers base to avoid becoming dependent on the corporationd)pass on some of the work to be done for the corporation to other minority owned concerns.e)use its influence with the other corporation to promote subcontracting with other minorityconcerns.Correct answer is option 'C'. 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 authors implied that the minority owned concern that does the greater part of its businesswith one large corporate customer shoulda)avoid competition with the larger, more established concerns by not expandingb)concentrate on securing even more business from that corporationc)try to expands its customers base to avoid becoming dependent on the corporationd)pass on some of the work to be done for the corporation to other minority owned concerns.e)use its influence with the other corporation to promote subcontracting with other minorityconcerns.Correct answer is option 'C'. 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 authors implied that the minority owned concern that does the greater part of its businesswith one large corporate customer shoulda)avoid competition with the larger, more established concerns by not expandingb)concentrate on securing even more business from that corporationc)try to expands its customers base to avoid becoming dependent on the corporationd)pass on some of the work to be done for the corporation to other minority owned concerns.e)use its influence with the other corporation to promote subcontracting with other minorityconcerns.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice MCAT tests.