ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
These are all characteristics of a entrepreneur, except
A
Flexible
B
Confidence
C
Innovative
D
Lazy
Explanation: 

Detailed explanation-1: -There is absolutely no room for laziness in entrepreneurship. You can’t wait around for someone else to pick up the slack. It’s your business-you need to pick up the slack. Of course, when you hire employees, you can delegate responsibilities.

Detailed explanation-2: -Variability-an entrepreneur is open to variations and changes (in products and services) to run a successful business. Control other factors is not a characteristic of an entrepreneur because there are factors that are beyond the control of an entrepreneur. Thus, the correct option is D.

Detailed explanation-3: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.

Detailed explanation-4: -Vision. Passion. Motivation. Risk-taking. Curiosity. Creativity. Confidence. 18-May-2022

There is 1 question to complete.