When is self-confidence useful for an entrepreneur?
Answer and explanation
Correct answer: When decisions must be made with proper preparation
Healthy self-confidence helps an entrepreneur make decisions, present an idea, face uncertainty, and continue working after setbacks. It should be supported by preparation, evidence, and willingness to listen and correct mistakes. Hence option A is correct. Uninformed claims, refusal to accept errors, and ignoring others are overconfidence or arrogance, not useful self-confidence.
Frequently asked questions
What is the correct answer to this question?
When decisions must be made with proper preparation
Why is this the correct answer?
Healthy self-confidence helps an entrepreneur make decisions, present an idea, face uncertainty, and continue working after setbacks. It should be supported by preparation, evidence, and willingness to listen and correct mistakes. Hence option A is correct. Uninformed claims, refusal to accept errors, and ignoring others are overconfidence or arrogance, not useful self-confidence.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
