Monday, 2 May 2011

(5) Age has a curvilinear relationship with the exploitation of opportunity. Initially, age will increase the likelihood that a person will exploit an enterpreneurial opportunity because people gather much of the knowledge necessary to exploit opportunities oner the course of thier lives, and because age provides credibility in transmitting that information to others. However, as people become older, their willingness to bear risks declines, thier opportunity costs rise, and they become less receptive to new information.

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Question :
(5) Age has a curvilinear relationship with the exploitation of opportunity. Initially, age will increase the likelihood that a person will exploit an enterpreneurial opportunity because people gather much of the knowledge necessary to exploit opportunities oner the course of thier lives, and because age provides credibility in transmitting that information to others. However, as people become older, their willingness to bear risks declines, thier opportunity costs rise, and they become less receptive to new information.
A A. As a result,people transmit more information rather than experiment with new ideas as they reach an advanced age.
   
B B. As a result,people are reluctant to experiment with new ideas as they reach an advanced age.
   
C C. As a result,only people with lower opportunity costs exploit opportunity when they reach an advanced age.
   
D D. As a result,people become reluctant to expliot entrepreneurial opportunities when they reach an advanced age.
   
  Answer:D
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