GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Small businesses employ ____ of private sector employees in the United States.
A
less than 10 percent
B
about a quarter
C
more than half
D
about 75 percent
Explanation: 

Detailed explanation-1: -Key Takeaways. There are 31.7 million small businesses in America, which combined account for 99.9% of all U.S. businesses. Small businesses are credited with just under two-thirds of the net new jobs created since 2000, and employ roughly half of America’s private sector workforce.

Detailed explanation-2: -Nearly half of all Americans-47.5 percent-are employed by small businesses. This means that 58.9 million employees in the United States work at a small business. Other statistics of note: Businesses with less than 100 workers employ the largest share of American workers.

Detailed explanation-3: -Small businesses and revenue Over 98% of small businesses employ fewer than 100 employees and 89% employ fewer than 20 employees. 47% of the private-sector workforce is employed by a small business.

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