skale Posted January 10, 2009 Share Posted January 10, 2009 (1) Typically, the entrepreneur is seen as an individual who owns and operates a small business. But simply to own and operate a small business – or even a big business – does not make someone an entrepreneur. If this person is a true entrepreneur, then new products are being created and new ways of providing services are being implemented. What can be best concluded from above. (A) Mike provided the seed funding for a very innovative business - Intel, he is a very successful entrepreneur. (B) Entrepreneurs are the main actors in economic growth. © Mike is an owner of a large business, he may be an entrepreneur. (D) Someone who develops an enterprise may be considered an entrepreneur. (E) Mike does cutting-edge research in defense industry, he is an entrepreneur. Difficulty: 7/10 (A) Mike provided the seed funding for a very innovative business - Intel, he is a very successful entrepreneur. Providing seed funding does not qualify one to be an entrepreneur (B) Entrepreneurs are the main actors in economic growth. Too big a statement which is not stated or implied above © Mike is an owner of a large business, he may be an entrepreneur. may be, may not be.. watch for modifier in the argument.. But simply to own.. does not make (D) Someone who develops an enterprise may be considered an entrepreneur. Yes, the language.. new products .. created .. new ways of providing services ... (E) Mike does cutting-edge research in defense industry, he is an entrepreneur. Sharp words, avoid.. Quote Link to comment Share on other sites More sharing options...
buskool Posted January 10, 2009 Share Posted January 10, 2009 IMO C He might be, in case his business has launched new products and he might not be if his business didnt launch any new products or service. Quote Link to comment Share on other sites More sharing options...
annihilation Posted January 10, 2009 Share Posted January 10, 2009 A: Not an entrepreneur since no new products are being created B: Passage mentions nothing about the economic growth hence this is irrelevant C: According to the passage owning a business does not make you an entrepreneur unless new products or servicers are produced. D: If it said products or services instead of enterprise it would be right E: Im not sure whether research cuts it here, but since they say cutting edge it qualifies for new ways of providing a service IMO E Quote Link to comment Share on other sites More sharing options...
bearbull Posted January 10, 2009 Share Posted January 10, 2009 © Mike is an owner of a large business, he may be an entrepreneur. vs (E) Mike does cutting-edge research in defense industry, he is an entrepreneur. C says he may be an entrepreneur C leaves the option open as it depends on whether he does new ...blah blah whereas E does say about research cuts here , but we cannot assume that research will lead to new product IMO C Quote Link to comment Share on other sites More sharing options...
effective_factor Posted January 10, 2009 Share Posted January 10, 2009 Imo C Quote Link to comment Share on other sites More sharing options...
skale Posted January 11, 2009 Author Share Posted January 11, 2009 OA stated in the original q. Quote Link to comment Share on other sites More sharing options...
reply2spg Posted January 19, 2009 Share Posted January 19, 2009 I am with D Quote Link to comment Share on other sites More sharing options...
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