Historically,fewer Than 10 Percent of the Privately Owned Businesses Founded

question 129

Multiple Choice

Historically,fewer than 10 percent of the privately owned businesses founded in a typical year can be expected to survive to their __________ birthday.

• A)tenth
• B)twentieth
• C)thirtieth
• D)fortieth
• E)fiftieth

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Definitions:

Continuing Operations

Part of a company's business that is expected to continue operating into the foreseeable future, excluding any discontinued operations.

Unusual Items

Nonrecurring or unique charges or gains that are not expected to happen regularly, such as costs from lawsuits, restructuring, or natural disasters, that are reported separately in a company's financial statements.

Accounting Principles

Principles that provide the framework upon which accounting standards are constructed.

Common-Sized Financial Statements

Financial statements that present all line items as a percentage of a common base figure, facilitating comparison across periods or companies.