Which of the Following Statements Is Correct Regarding Entrepreneurial Activity

question 19

Multiple Choice

Which of the following statements is correct regarding entrepreneurial activity and age ranges?

• A) The highest percentage of entrepreneurs falls in the 20 to 34 age range.
• B) The highest percentage of entrepreneurs falls in the 45 to 54 age range.
• C) The highest percentage of entrepreneurs falls in the 35 to 44 age range.
• D) The highest percentage of entrepreneurs falls in the 55 to 64 age range.
• E) The highest percentage of entrepreneurs falls in the 60⁺ age range.

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Definitions:

Limited Partnership

A form of partnership consisting of one or more general partners who manage the business and assume legal debts and obligations, and one or more limited partners who are liable only up to the amount they invest.

Limited Liability Partnership

is a partnership in which some or all partners have limited liabilities, protecting each partner's personal assets from debts and liabilities of the partnership.

Professional Partnership

A business organization formed by two or more professionals, such as lawyers or doctors, to provide services within their expertise.

Officers

Individuals appointed or elected to manage and direct the affairs of an organization, corporation, or governmental entity.