Question

Entrepreneurial intent is linked to:

• A. Personality traits and the likelihood that an individual would set up a new venture
• B. High rewards and low risks
• C. Tapping opportunities and seeking recognition
• D. Managing resources and family context

Answer 1

The Correct Option is A

To answer the question about what entrepreneurial intent is linked to, we must understand the conceptions related to entrepreneurship. Entrepreneurial intent refers to an individual's desire and plan to start a new business or venture. It is a psychological state that precedes and propels entrepreneurial behavior. Let's analyze each option:

1. Option 1: Personality traits and the likelihood that an individual would set up a new venture

   This option accurately links entrepreneurial intent with the individual's personality traits. Traits like risk-taking propensity, innovativeness, and proactivity are crucial in determining whether a person is likely to start a venture. This is widely supported in entrepreneurial studies and literature, marking this option as the correct answer.

2. Option 2: High rewards and low risks

   While high rewards can be a motivating factor, the element of risk is inherent in entrepreneurship. Entrepreneurs often deal with significant risks to achieve potential rewards. Thus, this is not directly linked to intent, but rather to factors influencing decision-making after the intent has been established.

3. Option 3: Tapping opportunities and seeking recognition

   Identifying opportunities is a part of the entrepreneurial process rather than the initial intent. Seeking recognition might be a consequence, but it is not foundational to entrepreneurial intent.

4. Option 4: Managing resources and family context

   This option refers to skills and contexts that influence the execution phase of an entrepreneurial venture. It does not directly contribute to the formation of entrepreneurial intent.

In conclusion, option 1, "Personality traits and the likelihood that an individual would set up a new venture", is the most comprehensive definition of factors linked to entrepreneurial intent.