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- There are numerous reasons why individuals want to run their own businesses.
Question 1:
There are numerous reasons why individuals want to run their own businesses. Some foresee more personal satisfaction if they succeed in launching their own business, while others are mainly interested in the prospect of larger financial rewards. Since 1980s and early 1990s, tax regulation and liberal policies have encouraged increasing number of venture capitalists and entrepreneurs to start new enterprises. Since 1990, one and a half million new ventures have been started. Not all have succeeded.The above statement makes which of the following assumptions?
A. Success in starting a new business largely depends on sound financial planning
B. Venture capitalists are motivated by non-monetary gains
C. Social incentives motivate investors just as much as financial rewards
D. None of these
Feedback None of the given option seems to be a valid assumption; hence the 4th option that is none of these is the answer. Option A is a general statement
Option B is a wrong assumption as it is mentioned in the passage that they are interested in financial rewards. Option C is irrelevant.
Option B is a wrong assumption as it is mentioned in the passage that they are interested in financial rewards. Option C is irrelevant.
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