Which of the following statements is incorrect regarding the economic impact of entrepreneurial firms in the United States?
A) Small businesses outperform their larger counterparts in terms of patent activity.
B) Small firms are providers of a significant share of the innovations that take place.
C) According to a Kauffman Foundation survey, 92% of Americans say entrepreneurs are critically important to job creation.
D) Small businesses employ just less than half of all private sector employees.
E) Small businesses are the creators of most new jobs.

Question

Quizplus · Accepted Answer

Small businesses actually employ slightly more than half of all private sector employees, so statement D is incorrect. The correct statement is that small businesses employ just over 50% of private sector employees.

Which of the Following Statements Is Incorrect Regarding the Economic