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QUESTION 20
Shawn Sine decides to start his own business. How likely is Shawn to still be operating a successful business in five years?
a. It depends on whether it is an e-business or not.
b. It is very unlikely because almost all new businesses fail within the first five years.
c. It is likely because the chance of failure is nearly equal to the chance for success.
d. It is very likely because most small businesses are successful.
e. It is unlikely because well over half of new small businesses fail.

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Based on the fact that this is a new business, in five years, the likelihood of Shawn Sine operating a successful business is c. It is likely because the chance of failure is nearly equal to the chance for success.

How many new businesses survive?

It has been shown by research that around 45% of businesses will close down within the first five years.

This means that 55% will still be going. This means that Shawn might be operating a successful business in five years because the chances of failure (45%) are close to those of success (55%).

Find out more on new businesses at https://brainly.com/question/12206529

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