Which quality is considered most necessary in a successful entrepreneur?
Answer and explanation
Correct answer: Ability to take responsibility
Entrepreneurs make decisions under uncertainty and must accept responsibility for both actions and outcomes. Accountability encourages careful planning, honest evaluation, correction of mistakes, and persistence when results are disappointing. Option A is correct. Blaming others, fearing change, and rejecting ideas prevent learning and reduce the entrepreneur’s ability to improve the enterprise.
Frequently asked questions
What is the correct answer to this question?
Ability to take responsibility
Why is this the correct answer?
Entrepreneurs make decisions under uncertainty and must accept responsibility for both actions and outcomes. Accountability encourages careful planning, honest evaluation, correction of mistakes, and persistence when results are disappointing. Option A is correct. Blaming others, fearing change, and rejecting ideas prevent learning and reduce the entrepreneur’s ability to improve the enterprise.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
