Learning after failure and moving ahead is an example of which entrepreneurial quality?
Answer and explanation
Correct answer: Resilience
Resilience is the ability of an entrepreneur to learn from failure or setbacks, improve the approach, and try again instead of giving up. Avoidance of uncertainty is different; entrepreneurs usually need to deal with risk and uncertain situations. Exam tip: Link learning from failure, trying again, and adapting to setbacks with resilience.
Frequently asked questions
What is the correct answer to this question?
Resilience
Why is this the correct answer?
Resilience is the ability of an entrepreneur to learn from failure or setbacks, improve the approach, and try again instead of giving up. Avoidance of uncertainty is different; entrepreneurs usually need to deal with risk and uncertain situations. Exam tip: Link learning from failure, trying again, and adapting to setbacks with resilience.
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.
