When a large business like IBM or General Motors downsizes and lays off workers, some of these displaced employees decide to start their own businesses. They are best described as
A) foreign refugees.
B) welfare profiteers.
C) reluctant entrepreneurs.
D) corporate entrepreneurs.

Question

Quizplus · Accepted Answer

These employees did not choose to become entrepreneurs voluntarily, but were instead forced into it due to external circumstances such as lay-offs. Therefore, they are referred to as "reluctant entrepreneurs." Choice A is incorrect as foreign refugees refers to individuals who have fled their homeland due to persecution, war, or violence. Choice B is incorrect as welfare profiteers refers to individuals who take advantage of government assistance without making an effort to seek employment. Choice D is incorrect as corporate entrepreneurs refers to individuals who innovate and create new products or services within an established corporation.

When a Large Business Like IBM or General Motors Downsizes