Small Businesses Make Up the Majority of the Competitive Landscape

question 215

Multiple Choice

Small businesses make up the majority of the competitive landscape for most businesses.There are approximately __________ small businesses in the United States.

• A)17 million
• B)28 million
• C)39 million
• D)50 million
• E)100 million

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Definitions:

Jocks

A colloquial term often used to describe athletes or individuals who are particularly enthusiastic about sports, typically in a school or college setting.

Diffusion Of Responsibility

A socio-psychological phenomenon where individuals in a group are less likely to take action or feel responsible when others are present.

Risky Shift

The phenomenon where groups make riskier decisions than individuals would, due to the diffusion of responsibility and other factors.

Decision Polarization

The phenomenon where a group's decisions become more extreme than the individual members' initial positions, often after a discussion or deliberation process.