Which of Following Statements Regarding Business Start-Ups and Exits in the United

question 28

Multiple Choice

Which of following statements regarding business start-ups and exits in the United States is false?

• A) The number of start-up businesses has been shrinking steadily since the year 2000.
• B) A business exits the market when it remains closed for one year and has no employees.
• C) Starting a new business requires taking risks and embracing change.
• D) The growth of new businesses is adding net new jobs to the U.S. economy.
• E) New businesses demand long hours and a certain amount of financial uncertainty.

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Definitions:

Insufficient Justification Effect

A phenomenon where individuals rationalize their behavior when the external justification is insufficient, leading to a change in their internal beliefs or attitudes.

Eye Contact

The act of looking directly into another individual’s eyes, which is an important part of nonverbal communication.

Respect

An attitude of esteem or deference toward others, acknowledging their abilities, qualities, or achievements.

Truthfulness

The quality of being honest or true; not lying, cheating, or stealing.