Question 93

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:

In a given situation, a manufacturing plant might indeed host a business incubator. Statement A's validity can be held for a while. Statement B is false; entrepreneurship is for people willing to take risks and accept that incomes may not be stable. Statement C is true; the very definition of a business incubator describes it as a workspace that offers resources and support to new startups. Statement D is false; whether or not a person can be an entrepreneur is independent of their age, caste, gender, or social stature. Option E, following the same reasoning as D, is also false. 

The statement C is true, while the statement A might be true. Statements B, D, and E are all false. Option D is the correct answer.

Create a FREE account and get:

  • All Quant Formulas and shortcuts PDF
  • 40+ previous papers with detau solutions PDF
  • Top 500 MBA exam Solved Questions for Free

MAT Quant Questions | MAT Quantitative Ability

MAT DILR Questions | LRDI Questions For MAT

MAT Verbal Ability Questions | VARC Questions For MAT