Approximately how many new small businesses does the Small Business Administration estimate close during their first year of operation?

(1 point)
Responses

slightly more than three-fourths

slightly more than three-fourths

slightly less than one-fourth

slightly less than one-fourth

slightly more than one-half

slightly more than one-half

slightly less than one-third

1 answer

The Small Business Administration estimates that approximately 20% of new small businesses close during their first year of operation. This would correspond to the option "slightly less than one-fourth."