Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

Which organization provides mentoring and guidance to small business owners?

1. SBA

2. SCORE

3. IRS

4. Chamber of Commerce

The correct answer is: SCORE

SCORE is a nonprofit organization that provides mentoring and coaching to small business owners. It is specifically designed to help entrepreneurs through one-on-one mentoring sessions and workshops, enabling them to develop their business ideas into actionable plans. SCORE’s volunteers are typically experienced business professionals who offer their knowledge and expertise to guide entrepreneurs in various aspects of running a small business, such as marketing, finance, and management. While other organizations like the Small Business Administration (SBA) also support small businesses by providing funding and resources, their focus is broader and includes lending programs and regulatory guidance rather than direct mentoring. The IRS primarily deals with tax-related matters, such as tax returns and compliance, and the Chamber of Commerce is more focused on local economic development and community business support rather than direct mentorship for small business owners. Each of these organizations serves important roles, but SCORE is distinct in its mission to provide personal mentoring and guidance directly to entrepreneurs.