Over Ninety-Five Percent of All New Businesses That Open Each

question 169

Multiple Choice

Over ninety-five percent of all new businesses that open each year in the United States employ ________ workers.

• A)only one or two
• B)fewer than 20
• C)50 or more
• D)over 100

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Definitions:

Debtor

An individual or entity that owes money or other forms of obligations to another party, known as the creditor.

Perfection

A legal process by which a secured creditor establishes a priority claim on a debtor's asset over others, often through a public registration.

Legal Steps

The procedures or actions required by law to achieve a certain outcome, such as filing a lawsuit or executing a contract.

Collateral

Property or other assets that a borrower offers a lender to secure a loan.