Miguel is an entrepreneur considering starting a new business. He is aware of the risks involved but are also motivated by potential benefits. Which of the following choices best analyzes how both risks and rewards might influence Miguel's decision to pursue this path?(1 point)

Question

Responses

The risks outweigh the benefits because a new business has a high chance of failure, making it unlikely that Miguel will experience personal satisfaction.
The risks outweigh the benefits because a new business has a high chance of failure, making it unlikely that Miguel will experience personal satisfaction.

The benefits are appealing because they guarantee wealth and happiness, making entrepreneurship a safe choice with minimal risk.
The benefits are appealing because they guarantee wealth and happiness, making entrepreneurship a safe choice with minimal risk.

The risks and benefits both play a role. Financial gain and personal satisfaction may motivate Miguel, even though he is aware that failure is possible.
The risks and benefits both play a role. Financial gain and personal satisfaction may motivate Miguel, even though he is aware that failure is possible.

The rewards of entrepreneurship are mostly limited to financial gain, so any personal satisfaction Miguel feels is unlikely to affect his decision.

Answer 1

The best choice that analyzes how both risks and rewards might influence Miguel's decision to pursue entrepreneurship is:

The risks and benefits both play a role. Financial gain and personal satisfaction may motivate Miguel, even though he is aware that failure is possible.

This response acknowledges that while there are risks associated with starting a new business, there are also potential rewards that can motivate Miguel, highlighting a balanced view of his decision-making process.