Question

Ninety percent of businesses in the United States are family-owned and managed and account for 62 percent of total U.S. employment.

Answer 1

It is true

Step-by-step explanation:

Answer 2

True

Step-by-step explanation:

Large corporations are like the celebrities of the business world, they appear to be glamorous and powerful, but they only represent a small percentage of total businesses.

Small family businesses are by far the largest employer in the country. Small businesses account for 62% of total employment and the public sector accounts for approximately 17%, so corporations (both large and small) only account for 21%. Proportionally corporations due employ more people (8% of businesses generate 21% of jobs) because they are simply much larger. Almost 97% of small businesses employ less than 20 people (89% of total number of businesses).