Evaluation of Entrepreneurship Myths and Facts
CMAT 2025 · Innovation & Entrepreneurship · Medium · Entrepreneurship Myths
Read the following statements carefully and respond to the question that follows.
A. In the given situation, a manufacturing plant may be an example of a business incubator. B. Fixed monthly income is an advantage of entrepreneurship. C. A shared workspace offering resources and support to new startups is known as a business incubator. D. Only youngesters may become entrepreneurs. E. Only an experienced middle-aged person may start a business.
Choose the correct answer from the options given below:
- A.
Only A, B and E are true.
- B.
Only A and C are false.
- C.
Only A, B and D are true.
- D.
Only B, D and E are false.
D
Explanation
Statements B, D, and E are false statements:
- B: Fixed income is a salaried job advantage, not entrepreneurship.
- D & E: Entrepreneurship is open to anyone of any age. Therefore, 'Only B, D and E are false' is the correct choice.
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