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?Choices:- Success in starting a new business largely depends on sound financial planning Venture capitalists are motivated by non-monetary gains Social incentives motivate investors just as much as financial rewards None of these
Question
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?Choices:- Success in starting a new business largely depends on sound financial planning Venture capitalists are motivated by non-monetary gains Social incentives motivate investors just as much as financial rewards None of these
Solution
The above statement does not make any of the assumptions provided in the choices. Therefore, the correct answer is "None of these". The statement talks about the reasons why individuals want to start their own businesses and the increase in new ventures since the 1980s and 1990s. However, it does not make any assumptions about the success of these businesses depending on sound financial planning, venture capitalists being motivated by non-monetary gains, or social incentives motivating investors just as much as financial rewards.
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