Why is self-confidence necessary in an entrepreneur?
Answer and explanation
Correct answer: To make decisions and face difficulties
Entrepreneurship requires decisions under uncertainty, communication with others, and persistence when plans face obstacles. Realistic self-confidence helps a person act, learn from outcomes, and continue improving; it does not mean ignoring evidence or costs. Running away, total dependence, and forgetting expenses are opposite to responsible enterprise.
Frequently asked questions
What is the correct answer to this question?
To make decisions and face difficulties
Why is this the correct answer?
Entrepreneurship requires decisions under uncertainty, communication with others, and persistence when plans face obstacles. Realistic self-confidence helps a person act, learn from outcomes, and continue improving; it does not mean ignoring evidence or costs. Running away, total dependence, and forgetting expenses are opposite to responsible 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.
