Which statement correctly rejects a common myth about entrepreneurship?
Answer and explanation
Correct answer: Entrepreneurship can be learned and improved through practice
A common myth is that successful entrepreneurs are born with all the necessary abilities and cannot develop them. In reality, entrepreneurial skills such as opportunity recognition, communication, planning, and decision-making can be strengthened through education, practice, feedback, and experience. The other statements are also unrealistic assumptions about business and success.
Frequently asked questions
What is the correct answer to this question?
Entrepreneurship can be learned and improved through practice
Why is this the correct answer?
A common myth is that successful entrepreneurs are born with all the necessary abilities and cannot develop them. In reality, entrepreneurial skills such as opportunity recognition, communication, planning, and decision-making can be strengthened through education, practice, feedback, and experience. The other statements are also unrealistic assumptions about business and success.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
