Which of the Following Statements Regarding Survival Rates of Entrepreneurial

question 56

Multiple Choice

Which of the following statements regarding survival rates of entrepreneurial firms in the United States is correct?

• A) As high as 50 percent after four years
• B) As high as 60 percent after four years
• C) As high as 70 percent after four years
• D) As high as 80 percent after four years
• E) As high as 90 percent after four years

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Definitions:

Closed Economy

An economic system that does not interact with other economies in terms of trade, investment, or capital flow.

Households

Economic units consisting of all individuals who occupy a home, which participate in economic decisions.

Loanable Funds

A term in economics referring to the market where savers supply funds for loans to borrowers, influenced by interest rates.

Induces

Induces means to lead or move someone to take action, often by persuasion or influence.