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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsHardLevel 48

In which situation will an entrepreneur's self-confidence be considered balanced?

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Answer and explanation

Correct answer: Taking decisions based on preparation and information

Balanced self-confidence is based on preparation and facts. Exam tip: remember the difference between confidence and overconfidence.

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home-scienceentrepreneurshipself-confidence

Frequently asked questions

What is the correct answer to this question?

Taking decisions based on preparation and information

Why is this the correct answer?

Balanced self-confidence is based on preparation and facts. Exam tip: remember the difference between confidence and overconfidence.

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.

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10 more MCQs
  1. 1What is the simplest meaning of entrepreneurship?
  2. 2Who is called an entrepreneur?
  3. 3Which is a main characteristic of entrepreneurship?
  4. 4Changing a new idea into a useful product or service is related to what?
  5. 5How does an entrepreneur identify opportunity?
  6. 6Why is self-confidence important in entrepreneurship?
  7. 7Why is planning necessary before starting an enterprise?
  8. 8What is an important social contribution of an entrepreneur?
  9. 9Taking responsibility for one's decisions shows which entrepreneurial quality?
  10. 10What is collecting market information to know customer preference called?
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