In the Context of the Statistics Provided by the U

question 81

Multiple Choice

In the context of the statistics provided by the U.S. Small Business Administration (SBA) , _____.

• A) small businesses comprise 15.5% of all businesses in the United States
• B) the opening of new businesses has accounted for over 40% of net new jobs in the U.S. economy over the past two decades
• C) small businesses comprise 49.5% of all businesses in the United States
• D) the opening of new businesses has accounted for over 80% of net new jobs in the U.S. economy over the past two decades

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Definitions:

Practice

The repeated exercise or application of an activity or skill to achieve proficiency.

Entrepreneurship

The process of initiating a business or businesses, facing financial dangers with the expectation of profit.

Serial Entrepreneur

A person who repeatedly starts new businesses, moving from one venture to another, and often leveraging the experiences and capital from previous successes.

Benefit Corporation (B-Corp)

A type of legal structure for a business that aims to generate profit while also focusing on positive impacts for society, workers, the community, and the environment.