Which of the following statement is incorrect regarding the economic impact of entrepreneurial firms?
A) Small firms are more innovative than large firms.
B) Small firms produce more patents per employee than large firms.
C) Economic activity is moving increasingly in the direction of small rather than large firms.
D) Small businesses employ more than half of all private sector employees in the United States.
E) Small businesses create about one-third of all new jobs.

Question

Quizplus · Accepted Answer

Small businesses actually create a significant portion of new jobs, often cited as around two-thirds, not one-third, of all new jobs in the United States.

Which of the Following Statement Is Incorrect Regarding the Economic