Which is an important quality of an entrepreneur?
Answer and explanation
Correct answer: Ability to take risk
Business decisions involve uncertainty, so an entrepreneur needs the ability to accept and manage calculated risk. This does not mean acting recklessly; the risk should be studied, planned for, and balanced against expected benefits. Delaying everything, constant fear, or decisions without thought can harm a venture.
Frequently asked questions
What is the correct answer to this question?
Ability to take risk
Why is this the correct answer?
Business decisions involve uncertainty, so an entrepreneur needs the ability to accept and manage calculated risk. This does not mean acting recklessly; the risk should be studied, planned for, and balanced against expected benefits. Delaying everything, constant fear, or decisions without thought can harm a venture.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
