More small businesses are being started by minorities and women because of all the following reasons EXCEPT A. to avoid a prior owner's errors B. to avoid risk C. to gain control over their schedules D. to pursue a market opportunity E. to overcome the "glass ceiling" at big companies

Question

More small businesses are being started by minorities and women because of all the following reasons EXCEPT A. to avoid a prior owner's errors B. to avoid risk C. to gain control over their schedules D. to pursue a market opportunity E. to overcome the "glass ceiling" at big companies

Answer 1

The correct answer is B. to avoid risk.Small businesses are being started by minorities and women for various reasons, including:A. to avoid a prior owner's errors - Starting a new business allows entrepreneurs to learn from the mistakes of previous owners and avoid repeating them.C. to gain control over their schedules - By owning their own business, entrepreneurs have more control over their schedules and work-life balance.D. to pursue a market opportunity - Entrepreneurs may start a business to capitalize on a market opportunity they identify.E. to overcome the "glass ceiling" at big companies - Some entrepreneurs may start their own business to overcome barriers to advancement in larger companies, such as the "glass ceiling."However, starting a small business typically involves risk, rather than avoiding it. Entrepreneurs take on financial and personal risks when they start a new business venture. Therefore, option B, "to avoid risk," is the exception among the reasons listed.

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More small businesses are being started by minorities and women because of all the following reasons EXCEPT A. to avoid a prior owner's errors B. to avoid risk C. to gain control over their schedules D. to pursue a market opportunity E. to overcome the "glass ceiling" at big companies

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