(Consider This) Which of the Following Statements Is True About

question 114

Multiple Choice

(Consider This) Which of the following statements is true about U.S. firms?

• A) Over half are bankrupt within the first two years after starting up.
• B) Over half are bankrupt within the first five years after starting up.
• C) Nearly 65 percent last 10 years or more.
• D) The life expectancy of a U.S. firm is approximately 22 years.

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Definitions:

Failed to Lock

An unsuccessful attempt to secure or fix in place, often referring to security measures or mechanisms.

Collided

An occurrence where two or more objects come into forceful contact with each other, often resulting in damage or injury.