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.

---

Definitions:

Unreasonable

Not based on or acting according to reason or sound judgement; exceeding the bounds of acceptability or fairness.

Legally Binding Contract

An agreement between parties that is enforceable by law, requiring all involved to fulfill their contractual obligations.

Agreement

A mutual understanding or arrangement between two or more parties, often legally binding, regarding their rights and duties.

Guarantee

A legal commitment to assume responsibility for another's performance, such as repaying a loan or fulfilling a contract obligation.