Which of these statements is TRUE according to the chart shown? A) The retail sales per capita in 1997 was higher in Alabama than in the rest of the country. B) The farm employment rate in 1997 was identical in Alabama and in the United States as a whole. C) The percent of firms owned by women was lower in Alabama in 1997 than in the rest of the country. D) The percent of firms owned by minorities was higher in Alabama in 1997 than in the U.S. as a whole.
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Answer: C) the percent of firms owned by woman was lower in Alabama in 1997 than the rest of the country.
Explanation:
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The percent of firms owned by women was lower in Alabama in 1997 than in the rest of the country.
Option (C)
Explanation:
- Female entrepreneurs brought about a change in the American economy in the last decade. Alabama of the United States had less percentage of women-owned businesses in 1997.
- But by the Alabama Women’s business assistance program the percentage has increased rapidly after 1997 and now the woman owns half of the businesses of the country.
- The number of women-owned businesses was 383,302 as per the 2012 calculation. They have contributed quite significantly to the economic growth of the country.
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