Author Question: The three primary reasons that people become entrepreneurs and start their own firms are to ... (Read 83 times)

craiczarry · **on:** Jul 6, 2018

The three primary reasons that people become entrepreneurs and start their own firms are to ________.

A) gain prestige, realize financial rewards, and eliminate risk in their lives
B) do what they were born to do, be their own boss, and gain prestige
C) take big risks, be their own boss, and do what they were born to do
D) be their own boss, pursue their own ideas, and realize financial rewards
E) take advantage of government subsidies, pursue their own ideas, and realize financial rewards

Question 2

Describe the three primary reasons that people become entrepreneurs and start their own firms.

What will be an ideal response?

wergv · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

D

Answer to Question 2

The three primary reasons that people become entrepreneurs and start their own firms are to (1 ) be their own boss, (2 ) pursue their own ideas, and (3 ) realize financial rewards.
The first of these reasons-being one's own boss-is given most commonly. Many entrepreneurs want to be their own boss because either they have had a long-time ambition to own their own firm or they have become frustrated working in traditional jobs. The second reason people start their own firms is to pursue their own ideas. Some people are naturally alert, and when they recognize ideas for new products or services, they have a desire to see those ideas realized. The third reason people start their own firms is to pursue financial rewards. This motivation, however, is typically secondary to the first two.