Why should a successful entrepreneur have self-confidence?
Answer and explanation
Correct answer: So that they can make correct decisions during challenges
Self-confidence helps an entrepreneur trust a carefully considered judgement, communicate a vision, face uncertainty, and continue working during setbacks. It should be balanced with evidence, planning, humility, and willingness to listen. Refusing advice, abandoning planning, or ignoring complaints is overconfidence or poor management, not healthy self-confidence. Hence, option A is correct.
Frequently asked questions
What is the correct answer to this question?
So that they can make correct decisions during challenges
Why is this the correct answer?
Self-confidence helps an entrepreneur trust a carefully considered judgement, communicate a vision, face uncertainty, and continue working during setbacks. It should be balanced with evidence, planning, humility, and willingness to listen. Refusing advice, abandoning planning, or ignoring complaints is overconfidence or poor management, not healthy self-confidence. Hence, option A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
