Join thousands of students who trust us to help them ace their exams!Watch the first video
Multiple Choice
Which of the following statements is true regarding minority populations in American business?
A
Minority populations have equal access to business financing as non-minority populations.
B
Minority populations are overrepresented in executive positions in large corporations.
C
Minority populations own a majority of all businesses in the United States.
D
Minority populations are underrepresented in business ownership compared to their share of the overall population.
Verified step by step guidance
1
Step 1: Understand the context of the problem, which relates to the representation and access of minority populations in American business, focusing on ownership, executive positions, and financing.
Step 2: Analyze each statement by comparing it to known economic and demographic data about minority populations in the U.S. business environment.
Step 3: Recognize that minority populations typically face barriers such as limited access to financing, which affects their ability to start and grow businesses, leading to underrepresentation in business ownership.
Step 4: Note that minority populations are generally underrepresented in executive positions within large corporations, contrary to the statement claiming overrepresentation.
Step 5: Conclude that the true statement is that minority populations are underrepresented in business ownership compared to their share of the overall population, reflecting disparities in access and opportunity.