Based on Statistics Reported in the Text,which of the Following

question 30

Multiple Choice

Based on statistics reported in the text,which of the following statements is not true?

• A) Firms that obtain venture-capital funding receive an average of over $1 million each.
• B) Total investment in start-up firms averages about $80,000 in the first year of the activity of the firm.
• C) Among the 100 fastest-growing new businesses identified by Entrepreneur magazine, 61 percent obtained start-up funding from personal savings.
• D) Ninety percent of the companies financed with venture capital funds fail.

---

Definitions:

Oil Refineries

Industrial processing plants where crude oil is transformed and refined into usable petroleum products, such as gasoline, diesel, and jet fuels.

Environmental Pollution

The contamination of the natural environment due to harmful substances or energies, often resulting from human activities and leading to adverse effects on ecosystems and health.

Gulf Coast

A geographic term referring to the coastline along the Gulf of Mexico in the United States, encompassing parts of Texas, Louisiana, Mississippi, Alabama, and Florida.

Fossil Fuel

Natural fuels such as coal, oil, and natural gas, derived from the remains of living organisms that were buried millions of years ago.