Why should an entrepreneur have self-confidence?
Answer and explanation
Correct answer: To make decisions and inspire confidence in others
Self-confidence helps an entrepreneur assess choices, communicate an idea and act despite reasonable uncertainty. It can encourage customers, employees and partners to trust the entrepreneur’s commitment. However, confidence should be supported by information and willingness to learn. Option A is correct; it does not mean hiding errors or ignoring every risk.
Frequently asked questions
What is the correct answer to this question?
To make decisions and inspire confidence in others
Why is this the correct answer?
Self-confidence helps an entrepreneur assess choices, communicate an idea and act despite reasonable uncertainty. It can encourage customers, employees and partners to trust the entrepreneur’s commitment. However, confidence should be supported by information and willingness to learn. Option A is correct; it does not mean hiding errors or ignoring every risk.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
