Which socio-economic program is designed to support small disadvantaged businesses?

Study for the DAU Contracting Certification Exam. Prepare with multiple choice questions featuring hints and explanations. Boost your readiness and confidence for the exam!

The 8(a) Program is specifically designed to support small disadvantaged businesses. It is a federal program administered by the Small Business Administration (SBA) that aims to assist these businesses in gaining access to the federal procurement market. The program provides a range of services, including business development, mentoring, and access to government contracts. By being part of the 8(a) Program, small disadvantaged businesses can benefit from set-aside contracts, which help to level the playing field and enable them to compete more effectively in the marketplace.

While the other options also pertain to programs that support small businesses, they cater to different groups or do not specifically target disadvantaged businesses. The Small Business program serves a broad audience of small businesses without the specific emphasis on socio-economic disadvantage. The Service Disabled Veteran Owned Small Business program is tailored to support businesses owned by service-disabled veterans, and the Historically Underutilized Business Zone program focuses on promoting economic growth in underutilized urban and rural areas. Each of these programs has its own purpose and focus, which is why they do not align with the specific mission of the 8(a) Program in assisting small disadvantaged businesses.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy