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.
Frequently asked questions
What is the correct answer to this question?
Self-confidence is based on preparation while overconfidence ignores evidence
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
