Question

What does PAP mean?A business is classified as small based on which of the following criteria?

Group of answer choices

independently owned and operated, less than 500 employees, and significantly impacts its industry

publically owned, less than 500 employees, and significantly impacts its industry

independently owned and operated, less than 100 employees, and marginally impacts its industry

publically owned, less than 100 employees, and marginally impacts its industry

Answer 1

I know this not correct:

publically owned, less than 100 employees, and marginally impacts its industry XXX

Step-by-step explanation: