Laid off workers who become entrepreneurs because they

Reference no: EM13609941

Laid off workers who become entrepreneurs because they cannot find meaningful employment with another company are known as entrepreneurs by necessity. The Wall Street Journal reports that these entrepreneurs by necessity are less likely to grow into large businesses than are entrepreneurs by choice. (WSJ, May 21, 2001, B4). This article states that 89% of entrepreneurs in the U.S. are entrepreneurs by choice and 11% are entrepreneurs by necessity. Only 2% of entrepreneurs by necessity expect to employ more than 20 people within 5 years, while 14% of entrepreneurs by choice expect to employ at least 20 people within 5 years. in excel

a. If an entrepreneur is selected at random and that individual expects to employ more than 20 people within 5 years, what is the probability that the individual is an entrepreneur by choice.

b. Discuss several possible reasons why entrepreneurs by choice are more likely to believe that they will grow their business.

Reference no: EM13609941

Questions Cloud

If a dielectric material with kappa380 is inserted so that : a parallel-plate air capacitor of area a25.0cm2 and plate separation d3.80mm is charged by a battery to a voltage 58.0

Suppose iq scores were obtained from randomly selected : suppose iq scores were obtained from randomly selected siblings. for 20 such pairs of people the linear correlation

A large research hospital has accumulated statistical data : a large research hospital has accumulated statistical data on its patients for an extended period. researchers have

As a result the capacitance becomes 172 uf calculate the : an air-filled parallel plate capacitor with a plate spacing of 1.20 cm has a capacitance of 4.20 uf. the plate spacing

Laid off workers who become entrepreneurs because they : laid off workers who become entrepreneurs because they cannot find meaningful employment with another company are

Moran owns a building he bought during year 0 for 150000 he : moran owns a building he bought during year 0 for 150000. he sold the building in year 6. during the time he held the

Adipole moment has the value p 430 x 10-5 c m j-hat what : a dipole moment has the value p 4.30 x 10-5 c m j-hat. what is the value of the electric potential energy of the

A large research hospital has accumulated statistical data : a large research hospital has accumulated statistical data on its patients for an extended period. researchers have

Camera shop ince started the year with total assets 80000 : camera shop ince. started the year with total assets 80000 and total liabilities of 40000. during the year the business

User Account

All Pages