Which of the Following Statements Regarding Business Success (Or Failure)

question 28

Multiple Choice

Which of the following statements regarding business success (or failure) rates is correct?

• A) After four years, 15 percent of new businesses are still open.
• B) After four years, 25 percent of new businesses are still open.
• C) After four years, 50 percent of new businesses are still open.
• D) Two out of three businesses fail within the first four years.
• E) Nine out of ten businesses fail within the first four years.

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Definitions:

Secondary Stakeholders

Individuals or groups indirectly affected by a project's outcome or business operations, unlike primary stakeholders who are directly impacted.

Natural Environment

is the physical world that encompasses all living and non-living things occurring naturally on Earth.

Pyramid Of Social Responsibility

Refers to a theoretical model outlining the hierarchy of social responsibilities that a company should adhere to, from fundamental economic responsibilities to philanthropic responsibilities.

Legal Responsibilities

Obligations that individuals or organizations have to act in accordance with laws and regulations.