Answered

Which of the following statements is true regarding small businesses?

A. Most small businesses are publicly owned.
B. Small businesses have little impact on large businesses.
C. Most small businesses survive at least 5 years.
D. A business is considered small if it employs fewer than 500 people.



Answer :

GinnyAnswer

Final answer:

Small businesses play a crucial role in the economy, with most surviving at least 5 years.


Explanation:

Most small businesses survive at least 5 years. According to the U.S. Census Bureau, the vast majority of American firms have fewer than 20 employees, and 35% of workers in the U.S. economy are at firms with fewer than 100 workers. Small-scale businesses play a crucial role in the economy, generating a significant percentage of net new jobs annually.


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