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14 Feb 2022, 04:36
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Difficulty:
55%
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Question Stats:
43% (00:48) correct
57%
(01:58)
wrong
based on 7
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Every successful entrepreneur is self-motivated and independent. People who have a marketable idea but lack entrepreneurial spirit lack these two traits. Also, every successful entrepreneur is well-known within their industry.
If the statements above are true, which of the following must be true?
A. Anyone well-known within an industry can become a successful entrepreneur.
B. Someone with a marketable idea will become a successful entrepreneur if they develop entrepreneurial spirit.
C. In a little-known industry, no one can be a successful entrepreneur.
D. Having a marketable idea, by itself, does not ensure that a person will be a successful entrepreneur.
E. Self-motivation and independence are the only characteristics that define entrepreneurial spirit.
If the statements above are true, which of the following must be true?
A. Anyone well-known within an industry can become a successful entrepreneur.
B. Someone with a marketable idea will become a successful entrepreneur if they develop entrepreneurial spirit.
C. In a little-known industry, no one can be a successful entrepreneur.
D. Having a marketable idea, by itself, does not ensure that a person will be a successful entrepreneur.
E. Self-motivation and independence are the only characteristics that define entrepreneurial spirit.
14 Feb 2022, 04:36
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Official Solution:
Every successful entrepreneur is self-motivated and independent. People who have a marketable idea but lack entrepreneurial spirit lack these two traits. Also, every successful entrepreneur is well-known within their industry.
If the statements above are true, which of the following must be true?
A. Anyone well-known within an industry can become a successful entrepreneur.
B. Someone with a marketable idea will become a successful entrepreneur if they develop entrepreneurial spirit.
C. In a little-known industry, no one can be a successful entrepreneur.
D. Having a marketable idea, by itself, does not ensure that a person will be a successful entrepreneur.
E. Self-motivation and independence are the only characteristics that define entrepreneurial spirit.
Choice A: Incorrect. This answer choice commits a reversal: the premises establish that every successful entrepreneur is well-known within the industry (and thus that anyone unknown will not be successful), but they do not establish that being well-known is sufficient to become a successful entrepreneur.
Choice B: Incorrect. This answer choice asserts a sufficiency the argument never provides. From the premises we know that successful entrepreneurs are self-motivated and independent, but we are not told that having entrepreneurial spirit (plus a marketable idea) is enough to ensure success.
Choice C: Incorrect. This answer choice introduces a variable outside the scope—the notoriety of the industry itself. The statements require only that the person be well-known within the industry, not that the industry be well-known.
Choice D: Correct. This answer choice must be inferred. The passage describes people who have a marketable idea but lack entrepreneurial spirit as lacking the traits that all successful entrepreneurs have, so a marketable idea by itself cannot guarantee success.
Choice E: Incorrect. This answer choice adds an out-of-scope claim that self-motivation and independence are the only or “most defining” traits of entrepreneurial spirit; the premises do not rank or exhaustively define its characteristics.
Answer: D
Every successful entrepreneur is self-motivated and independent. People who have a marketable idea but lack entrepreneurial spirit lack these two traits. Also, every successful entrepreneur is well-known within their industry.
If the statements above are true, which of the following must be true?
A. Anyone well-known within an industry can become a successful entrepreneur.
B. Someone with a marketable idea will become a successful entrepreneur if they develop entrepreneurial spirit.
C. In a little-known industry, no one can be a successful entrepreneur.
D. Having a marketable idea, by itself, does not ensure that a person will be a successful entrepreneur.
E. Self-motivation and independence are the only characteristics that define entrepreneurial spirit.
Choice A: Incorrect. This answer choice commits a reversal: the premises establish that every successful entrepreneur is well-known within the industry (and thus that anyone unknown will not be successful), but they do not establish that being well-known is sufficient to become a successful entrepreneur.
Choice B: Incorrect. This answer choice asserts a sufficiency the argument never provides. From the premises we know that successful entrepreneurs are self-motivated and independent, but we are not told that having entrepreneurial spirit (plus a marketable idea) is enough to ensure success.
Choice C: Incorrect. This answer choice introduces a variable outside the scope—the notoriety of the industry itself. The statements require only that the person be well-known within the industry, not that the industry be well-known.
Choice D: Correct. This answer choice must be inferred. The passage describes people who have a marketable idea but lack entrepreneurial spirit as lacking the traits that all successful entrepreneurs have, so a marketable idea by itself cannot guarantee success.
Choice E: Incorrect. This answer choice adds an out-of-scope claim that self-motivation and independence are the only or “most defining” traits of entrepreneurial spirit; the premises do not rank or exhaustively define its characteristics.
Answer: D
