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

question 34

Multiple Choice

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

• A) 9 out of 10 businesses fail within the first four years.
• B) After four years, 50 percent of new businesses are still open.
• C) After four years, 25 percent of new businesses are still open.
• D) 2 out of 3 businesses fail within the first four years.
• E) After four years, 10 percent of new businesses are still open.

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Definitions:

Resistance Change

Opposition or pushback by individuals or groups within an organization against changes that are perceived as harmful or unnecessary.

Coercion

The act of compelling someone to act in a certain way by force or threat.

Force Field Analysis

A decision-making technique that analyzes the forces for and against a change to identify if the change is viable.

Unfreezing

A stage in the change process where existing behaviors or attitudes are questioned, making individuals or organizations ready for change.