How Is the Profile of Business Owners Changing

question 14

Multiple Choice

How is the profile of business owners changing?

• A) In the U.S., men between the ages of 18 and 24 are starting businesses at a faster rate than men of all ages, or women of all ages.
• B) Recent male immigrants, who can legally work in the U.S., are starting businesses at a faster rate than natural-born male citizens, and at a faster rate than all women.
• C) Businesses owned by minority women are growing at a faster rate than businesses owned by men or nonminority women.
• D) It is difficult to collect information on the profile of business owners. Most new businesses do not file so they don't have to pay taxes.

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Definitions:

Insurance Policy

A contract between an insurer and a policyholder that defines the claims which the insurer is legally required to pay.

Sale of Real Estate

The process of transferring ownership of property from one party to another, involving legal documentation and financial transactions.

Insurance Company's Agent

An insurance company's agent is an individual authorized to sell and manage insurance policies on behalf of an insurance company.

Coinsurance Clause

A provision in insurance policies requiring the policyholder to bear a portion of the costs of a claim, encouraging insured parties to avoid excessive claims.