Question

Which of the following statements is correct? a. Women own about 5 million businesses in the United States. b. Women are starting businesses at about the same rate as men. c. The risk of failure for women-owned businesses is lower than average. d. Women are almost always sure to succeed. e. Minority business owners pay lower federal tax on profits than men do.

Answer 1

Letter C is the correct answer.

Female entrepreneurs have a long history in the business world, such as in the healthcare, professional, scientific and technical services, administration and retail industries. The National Women's Business Council suggests that they actually start business due to the limitations they face in the workforce or due to personal challenges and responsibilities. Even though women face more challenges than men do, there are over 11 million women-owned businesses in the United States and the risk of failure for women-owned businesses is lower than average.