Small- and medium-sized enterprises (SMEs) are defined as: Group of answer choices Firms with fewer than 500 employees in the United States and fewer than 250 employees in the European Union Firms with fewer than 50 departments in the European Union and fewer than 25 departments in the United States Firms with fewer than 500 employees in the European Union and fewer than 250 employees in the United States Firms with fewer than 50 departments in the United States and fewer than 25 departments in the European Union