Approximately how many new small businesses does the Small Business Administration estimate close during their first year of operation?
(1 point)
A. • slightly more than three-fourths
B. • slightly. less than one-fourth
C. slightly more than one-half
D. slightly less than one-third
D. slightly less than one-third
The correct answer is D. slightly less than one-third. The Small Business Administration estimates that slightly less than one-third of new small businesses close during their first year of operation.
To find the approximate number of new small businesses that close during their first year of operation, we need to understand the options given and select the most appropriate one based on the information provided.
A. Slightly more than three-fourths: This option suggests that more than 75% of new small businesses close during their first year of operation.
B. Slightly less than one-fourth: This option suggests that less than 25% of new small businesses close during their first year of operation.
C. Slightly more than one-half: This option suggests that more than 50% of new small businesses close during their first year of operation.
D. Slightly less than one-third: This option suggests that less than 33% of new small businesses close during their first year of operation.
Based on these options, the most appropriate answer would be B. Slightly less than one-fourth, as it implies that less than 25% of new small businesses close during their first year of operation, according to the Small Business Administration's estimation.