Which of the Following Statements Is Incorrect Regarding the Economic

question 26

Multiple Choice

Which of the following statements is incorrect regarding the economic impact of entrepreneurial firms in the United States?

• A) Small businesses outperform their larger counterparts in terms of patent activity.
• B) Small firms are providers of a significant share of the innovations that take place.
• C) According to a Kauffman Foundation survey, 92% of Americans say entrepreneurs are critically important to job creation.
• D) Small businesses employ just less than half of all private sector employees.
• E) Small businesses are the creators of most new jobs.

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Definitions:

Value

The importance, worth, or usefulness of something or a numerical quantity assigned to a variable.

Type II Error

The error made in statistical testing when a false null hypothesis is not rejected.

Null Hypothesis

A default hypothesis that there is no significant difference or relationship between specified populations or phenomena, used as a starting point for statistical testing.

Incorrect Decision

A decision based on data analysis or hypothesis testing that incorrectly accepts the null hypothesis or wrongly rejects it, leading to a Type I or Type II error.