The 2015 data on minority-owned businesses show ownership led by which group?

Prepare for your Business and Society Test 2 with flashcards and multiple choice questions. Each question is designed to enhance comprehension and application of business theories in societal contexts. Achieve excellence in your test!

Multiple Choice

The 2015 data on minority-owned businesses show ownership led by which group?

Explanation:
In 2015, Asian Americans owned the largest share of minority-owned businesses. This reflects higher entrepreneurship rates within many Asian American communities and strong representation in small-business sectors, leading to them accounting for the biggest portion of firms owned by minority groups. Other groups—African American, Hispanic American, and Native American—also own businesses, but their share was smaller that year.

In 2015, Asian Americans owned the largest share of minority-owned businesses. This reflects higher entrepreneurship rates within many Asian American communities and strong representation in small-business sectors, leading to them accounting for the biggest portion of firms owned by minority groups. Other groups—African American, Hispanic American, and Native American—also own businesses, but their share was smaller that year.

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