Directions for questions 11-15: Each of the following questions has a paragraph from which the last sentence has been deleted. From the given options, choose the sentence that completes the paragraph in the most appropriate way
Age has a curvilinear relationship with the exploitation of opportunity. Initially, age will increase the likelihood that a person will exploit an entrepreneurial opportunity because people gather much of the knowledge necessary to exploit opportunities over the course of their lives, and because age provides credibility in transmitting that information to others. However, as people become older, their willingness to bear risks declines, their opportunity costs rise, and they become less receptive to new information._______________________________________
Option (d)
The relationship between a person’s age and his likelihood of exploiting new opportunities is presented in the passage. When people gain more knowledge and experience they try to exploit new opportunities. However, as they grow even older they try to avoid risks and become less receptive to new ideas. Hence at an advanced age, a person becomes reluctant to exploit new opportunities as he wants to avoid risks. Option (b) can be eliminated as it categorically states that they are reluctant to ‘experiment with new ideas’. Since the context is of ‘entrepreneurial opportunity’ option (d) becomes better as the concluding line. Option (a) can be ruled out because the focus of the passage is on exploitation of opportunity whereas this option talks of ‘transmit more information’ and ‘experiment with new ideas’. Option (c) says people with lower opportunity cost exploit opportunity when they became old whereas the passage says that ‘as people become older ……. less receptive to new information’.