Why is setting deadlines important for an entrepreneur?
Answer and explanation
Correct answer: It keeps priorities and progress clear
A deadline gives a task a planned completion point. It helps the entrepreneur set priorities, coordinate people, monitor progress, identify delay, and take corrective action. A realistic deadline improves discipline and control, but it does not remove every risk, guarantee success, or automatically reduce cost. Results still depend on resources, quality, and effective execution.
Frequently asked questions
What is the correct answer to this question?
It keeps priorities and progress clear
Why is this the correct answer?
A deadline gives a task a planned completion point. It helps the entrepreneur set priorities, coordinate people, monitor progress, identify delay, and take corrective action. A realistic deadline improves discipline and control, but it does not remove every risk, guarantee success, or automatically reduce cost. Results still depend on resources, quality, and effective execution.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
