According to a Study Cited in the Textbook, ________ of Private

question 51

Multiple Choice

According to a study cited in the textbook, ________ of private companies meet the criterion established by businesses angels for investment.

• A) 2 percent to 4 percent
• B) 10 percent to 15 percent
• C) 18 percent to 30 percent
• D) 32 percent to 48 percent
• E) 60 percent to 70 percent

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Definitions:

Warranty

A promise, statement, or other representation that an item has certain qualities; also, an insured’s promise to abide by restrictions, especially those written into an insurance policy. Also, an obligation imposed by law that an item will have certain qualities. Warranties made by means of a statement or other affirmation of fact are called express warranties; those imposed by law are implied warranties.

Insured

A party that is protected by an insurer against losses caused by the risks specified in an insurance policy.

Insurance Company

A financial institution that provides a range of insurance policies to protect individuals and businesses against the risk of financial losses in return for premium payments.

Economic Loss

Financial damage suffered by a person or entity, often due to breach of contract, negligence, or external market factors.