Federal efforts to aid minority businesses began in the 1960’s when the Small

游客2025-01-02 21

问题 Federal efforts to aid minority businesses began in the 1960’s when the Small Business Administration (SBA) began making federally guaranteed loans and government-sponsored management and technical assistance available to minority business enterprises. While this program enabled many minority entrepreneurs to form new businesses, the results were disappointing, since managerial inexperience, unfavorable locations, and capital shortages led to high failures rates. Even 15 years after the program was implemented, minority business, receipts were not quite two percent of the national economy’s total receipts.
Recently federal policymakers have adopted an approach intended to accelerate development of the minority business sector by moving away from directly aiding small minority enterprises and toward supporting larger, growth-oriented minority firms through intermediary companies. In this approach, large corporations participate in the development of successful and stable minority businesses by making use of government-sponsored venture capital. The capital is used by a Minority Enterprise Small Business Investment Company or MESBIC. The MESBIC then provides capital and guidance to minority businesses that have potential to become future suppliers or customers of the sponsoring company.
MESBIC’s are the result of the belief that providing established firms with easier access to relevant management techniques and more job-specific experience, as well as substantial amounts of capital, gives those firms a greater opportunity to develop sound business foundations than does simply making general management experience and small amounts of capital available. Further, since potential markets for the minority busineses already exist through the sponsoring companies the minority businesses face conisderably less risk in terms of location. Following early financial and operating problems, sponsoring corporations began to capitalize MESBIC’s far above the legal minimum of $ 500,00 in order to generate sufficient income and to sustain the quality of management needed. MESBIC’s are now emerging as increasingly important financing sources for minority enterprises.
Ironically, MESBIC staffs, which usually consist of Hispanic and Black professionals, tend to approach investments in minority firms more pragmatically than do many MESBIC directors, who are usually senior managers from sponsoring corporations. The latter often still think mainly in terms of the "social responsibility approach" and thus seem to prefer deals that are riskier and less attractive than normal investment criteria would warrant. Such differences in viewpoint have produced uneasiness among many minority staff members, who feel that minority entrepreneurs and businesses should be judged by established business considerations. These staff members believe their point of view is closer to the original philosophy of MESBIC’s and they are concerned that, unless a more prudent course is followed, MESBIC directors may revert to policies likely to recreate the disappointing results of the original SBA approach. [br] Which of the following statements about the SBA program can be inferred from the passage?

选项 A、The maximum term for loans made to recipient businesses was 15 years.
B、Business loans were considered to be more useful to recipient businesses than was management and technical assistance.
C、The anticipated failure rate for recipient businesses was significantly lower than the rate that actually resulted.
D、The capitalization needs of recipient businesses were assessed and then provided for adequately.

答案 C

解析该题问：可从文中推出关于SBA计划的什么信息？A项意为“贷款给企业最高期限是15年”，15年只是作者论述SBA效果令人失望所举出的一个年限。B项意为“对于接受此计划的企业来说，商业贷款比管理和技术上资助要有效”，本文中无此种比较。C项意为“预期的失败比率要比现在明显低”。在本文第一段有相关的线索the results were disappointing since managerial inexperience, unfavorable locations．意指“(SBA)计划令人失望，是由于缺乏管理经验、地理位置不佳及资金短缺，导致了很高的失败率”。所以原来设想应没有现在高。因此C项为正确选项。D项意为“先评估接受资助的企业需求量再提供合适的量”，原文无此过程描述。

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