If an entrepreneur sets goals but does not measure progress, what is missing in goal setting?
Answer and explanation
Correct answer: Evaluation and monitoring
Setting a goal alone is not sufficient. An entrepreneur must regularly measure progress, compare it with the target, and make corrections when needed. Therefore, evaluation and monitoring are missing. Risk-taking and innovation are important entrepreneurial qualities, but they do not replace progress measurement in goal setting. Exam tip: link goals, timelines, and progress review as connected elements of effective goal setting.
Frequently asked questions
What is the correct answer to this question?
Evaluation and monitoring
Why is this the correct answer?
Setting a goal alone is not sufficient. An entrepreneur must regularly measure progress, compare it with the target, and make corrections when needed. Therefore, evaluation and monitoring are missing. Risk-taking and innovation are important entrepreneurial qualities, but they do not replace progress measurement in goal setting. Exam tip: link goals, timelines, and progress review as connected elements of effective goal setting.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.
