Small businesses represent 68 percent of all firms and employ about three quarters of all private sector employees.

Question

Quizplus · Accepted Answer

Small businesses represent a significant portion of firms and employment, but the specific percentages can vary. According to the U.S. Small Business Administration, small businesses make up about 99.9% of all U.S. businesses and employ about 47.1% of the private workforce, not three quarters.

Small Businesses Represent 68 Percent of All Firms and Employ