There are many reasons why individuals want to run their own : GMAT Critical Reasoning (CR)
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# There are many reasons why individuals want to run their own

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Manager
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There are many reasons why individuals want to run their own [#permalink]

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15 Oct 2003, 01:40
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50% (02:58) correct 50% (01:43) wrong based on 2 sessions

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There are many reasons why individuals want to run their own businesses. Some foresee more personal satisfaction if they are successful in launching their own business, while others are interested mainly in the prospect of larger financial rewards. Since the late 1970s and early 1980s, tax regulations and other changes have encouraged increasing numbers of venture capitalists and entrepreneurs to start new enterprises. Since 1980, some one-half million new ventures have been started. Not all have succeeded, of course.

The above statement makes which of the following assumptions?

a) Success in starting a new business depends in large part on sound financial planning.

b) Social incentives motivate investors just as much as financial rewards.

c) Financial incentives are associated with new business starts.

d) Most new business ventures succeed initially but fail later on.

e) Venture capitalists are motivated by non-monetary gains.
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Intern
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15 Oct 2003, 08:16
Even i Think its C ,, But the question is ambiguos.... not well written
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15 Oct 2003, 08:45
could be...
"new business starts are associated with Financial incentives" would sound better..
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15 Oct 2003, 09:04
vaka wrote:
could be...
"new business starts are associated with Financial incentives" would sound better..

C is best.

New business starts are not associated with financial incentives...if thats the case..

"Tax and other changes " created half a million start ups

If C is not the case, then the above does not hold true.
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17 Oct 2003, 02:03
Explanation: While personal satisfaction is a motivating factor, the statement shows that since 1980, business starts increased along with a set of tax changes, promoting financial gains. (B) is the second best answer. However, it cannot be inferred that social motives are just as strong as the financial motive, given that the passage states that tax regulations motivated increasing numbers of entrepreneurs to invest. Answer choice (A) may be correct, but there is nothing in the passage to substantiate it. Choice (D) may be eliminated because of the word "most." There is no evidence in the passage to support answer choice (E). (C) is the correct answer.

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Re: There are many reasons why individuals want to run their own [#permalink]

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14 Apr 2016, 02:32
I believe the correct answer should be C.
Re: There are many reasons why individuals want to run their own   [#permalink] 14 Apr 2016, 02:32
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