Question:
Which of the following are the qualities of a successful entrepreneur?
A. Self Reliant
B. Self Indulgent
C. Willing to take risks
D. Thrives on competition
E. Avoids competition
Choose the correct answer from the options given below:
Which of the following are the qualities of a successful entrepreneur?
A. Self Reliant
B. Self Indulgent
C. Willing to take risks
D. Thrives on competition
E. Avoids competition
Choose the correct answer from the options given below:
A. Self Reliant
B. Self Indulgent
C. Willing to take risks
D. Thrives on competition
E. Avoids competition
Choose the correct answer from the options given below:
Show Hint
Entrepreneur Keywords: Innovation, Risk-taking, Achievement-oriented, Resilient.
They seek \enquote{Calculated Risk,} not reckless gambling.
They seek \enquote{Calculated Risk,} not reckless gambling.
Updated On: Aug 20, 2026
- A, B and C only
- B, C and D only
- A, C and D only
- B, C and E only
Show Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Step 1: Understanding the Question:
An entrepreneur is someone who organizes resources and takes Calculated Risks to start a business venture.
Step 2: Detailed Explanation:
• Self-reliant (A): They need high internal locus of control and confidence in their vision.
• Risk-taking (C): Entrepreneurship is inherently uncertain. One must be willing to face financial risk for potential rewards.
• Competition (D): A successful entrepreneur sees competition as an opportunity to innovate and improve, rather than something to fear (E).
• Exclusion: \enquote{Self-indulgent} (B) means lacking discipline. Successful business people are usually Self-disciplined and hard-working.
Step 3: Final Answer:
The traits are A, C, and D.
Thus, the correct answer is C.
An entrepreneur is someone who organizes resources and takes Calculated Risks to start a business venture.
Step 2: Detailed Explanation:
• Self-reliant (A): They need high internal locus of control and confidence in their vision.
• Risk-taking (C): Entrepreneurship is inherently uncertain. One must be willing to face financial risk for potential rewards.
• Competition (D): A successful entrepreneur sees competition as an opportunity to innovate and improve, rather than something to fear (E).
• Exclusion: \enquote{Self-indulgent} (B) means lacking discipline. Successful business people are usually Self-disciplined and hard-working.
Step 3: Final Answer:
The traits are A, C, and D.
Thus, the correct answer is C.
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