Answer the question based on the information given. 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

Which could provide an individual with the motivation to start a new business venture?a.All the above.b.A desire to be independent.c.The financial rewards.d.Risk taking

D. Assimilation 20 minutes Starting a business requires a lot of hard work. Therefore, persons must be readywhen deciding to start up a business to dedicate a lot of time and energy to thestart-up. It is also very costly and therefore capital will have to be identified toinject into a new business. To better understand, here are some reasons forstarting a business. (Mindshapers Co., Inc)1. Being your own boss where you can make decisions about the directionand operation of the business.2. Financial independence where starting the business would give you theopportunity to be a successful businessperson and achieve financialindependence.3. Self-actualization/Fulfillment in which owning and operating a successfulbusiness will give a feeling of accomplishment.4. Creation of employment for relatives, friends and community memberswhich can assist in providing jobs for persons in communities with highlevels of unemployment.5. Use of skills and knowledge for yourself where the skills, knowledge andexperience that you have acquired can be put to work for you.Activity No. 4Direction: As a future businessperson, discuss the importance of business intoday’s generation and create your own reason for starting a business.V. ASSESSMENT 15 minutes Activity No. 5Let us check your understanding.Direction: Write T if the statement is True and F if the statement if False.1. Business enterprises are legal entities operating in an economy toprovide goods and services at a profit.2. Businesses will close if they are making losses.3. Firms produce commodities/goods and services that satisfy needs andwants for its market.4. Government manages the economy. They set the laws that governhouseholds and businesses.5. Households consume the goods and services provided by firms.6. Households are known as consumers.7. Whether man lives in a simple economy or in a more sophisticated one,he must survive.8. A man is seen as an economic animal. To survive, he must be involvedin economic activities such as production, consumption andexchange.9. Firms are the producers in an economy. They obtain and maintainmarkets through consistent advertising and sales promotion.10. Government provides the necessary services (road, water,transportation, communication, etc.) so that businesses may operateefficiently. Households and businesses must in turn pay their taxes.

please share motivations for launching a business

Which of the following would an entrepreneur typically not need to start a new company:Question 1Select one:a.Product or service likely to be profitable and sustainableb.Previous business experiencec.Source of start-up moneyd.A board of directors

One major advantage of organizing a business as a sole proprietorship is that:A.the business has an unlimited life span.B.it is easy to quickly raise large sums of capital.C.risk and liability are divided among many people.D.it is fairly simple to get the business started.