Statistics on Small Business Failure Rates Indicate That __________ of New

question 129

Multiple Choice

Statistics on small business failure rates indicate that __________ of new businesses fail in their first five years of operation.

• A)Less than 20 percent.
• B)20 to 40 percent.
• C)About half.
• D)60 to 80 percent
• E)More than 80 percent.

---

Definitions:

Duty of Fair Representation

An obligation that requires labor unions to represent all members equally, without discrimination or negligence.

Bargaining Unit

A body of workers sharing distinct common interests, represented collectively by one labor union in negotiation talks.

Procedural Protections

Legal safeguards that ensure fair treatment in the process of legal or disciplinary actions.

Legalistic

Characterized by a strict adherence to laws, regulations, or formal procedures.