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What is the main difference between self-confidence and overconfidence in entrepreneurship?

Answer and explanation

Correct answer: Self-confidence is based on preparation while overconfidence ignores evidence

Healthy self-confidence is a realistic belief that one can act and improve, supported by preparation, skills, and awareness of limitations. Overconfidence exaggerates ability and may dismiss evidence, feedback, or risk. Confidence does not guarantee success, and it never removes the need for effort. Thus A captures the important difference between balanced belief and careless certainty.

Related tags

Self-ConfidenceOverconfidenceEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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