The majority of small businesses
A) are privately owned.
B) are managed by professional managers.
C) raise funds in financial markets.
D) are self-financing.

Question

Quizplus · Accepted Answer

According to research, the majority of small businesses are privately owned, meaning they are owned by individuals or small groups of people rather than public ownership. Therefore, option A is the correct choice. Option B is incorrect as most small businesses are managed by their owners or family members, rather than professional managers. Option C is not applicable to most small businesses as they do not have access to financial markets, and option D is not always true as many small businesses require external financing.

The Majority of Small Businesses