According to a Study by the National Federation of Independent

question 9

Multiple Choice

According to a study by the National Federation of Independent Business Foundation, the most common source of new product ideas for small business startups is

• A) prior work experience.
• B) personal interests and hobbies.
• C) a chance happening.
• D) existing records of a business.

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Definitions:

Frequency Distribution

A summary of data showing the number of observations (frequency) for each value or range of values.

B Grade

A classification often used in educational settings to denote a level of academic performance above average but below the highest level of excellence.

Frequency Distribution

A summary of data showing the number (frequency) of observations in each of various non-overlapping categories or bins.

Cumulative Percent

The percentage that represents the total number of cases or instances up to a certain threshold.