What does SBA stand for?

• A. Service Corp of Retired Executives (SCORE)
• B. Small Business Administration (SBA)
• C. Trade Association
• D. Customer profile

Answer: (B)

Acronyms for organizations and what they stand for is what this item tests. SBA stands for Small Business Administration—the U.S. government agency that provides support to entrepreneurs through counseling, loans guarantee programs, and other resources. This makes it the best answer because it uniquely identifies the official federal agency focused on small business needs. The other terms refer to different concepts: SCORE is the Service Corps of Retired Executives, a volunteer mentoring group; a trade association is a kind of industry group representing businesses, not a government agency; and a customer profile is a marketing description of a target customer, not an organization.