Which type of goal is most useful for an entrepreneur?
Answer and explanation
Correct answer: A clear, measurable, time-bound, and realistic goal
A useful entrepreneurial goal states what is to be achieved, how progress will be measured, and by when it should be completed. It should also be realistic in relation to available resources. Vague, immeasurable, or open-ended goals make monitoring and corrective action difficult.
Frequently asked questions
What is the correct answer to this question?
A clear, measurable, time-bound, and realistic goal
Why is this the correct answer?
A useful entrepreneurial goal states what is to be achieved, how progress will be measured, and by when it should be completed. It should also be realistic in relation to available resources. Vague, immeasurable, or open-ended goals make monitoring and corrective action difficult.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
