If Legally Owning a Business Can Spur Growth, Why Don't

question 6

Multiple Choice

If legally owning a business can spur growth, why don't all business owners legalize their businesses?

• A)Excessive regulations often make running a legalized business more cumbersome.
• B)Legally owning a business opens new avenues for obtaining loans.
• C)Legalizing a business has no impact on business practices, so why do it?
• D)Business owners don't care about economic growth.

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Definitions:

Mound-Shaped

Description of a symmetric, bell-shaped distribution, often associated with the normal distribution.

Mean

A statistical measure that calculates the average value of a set of numbers by dividing the sum of all values by the number of values.

Median

The middle value in a dataset when it is ordered from smallest to largest, or the mean of the two middle numbers if there is an even number of values.

Sample Variance

A measure that quantifies the degree to which sample points in a dataset differ from the sample mean.