Question:
Which of the following is/are characteristics of an entrepreneur?
A. Risk-taker
B. Strong financial background
C. Effective communicator
D. Knowledge across sectors
Choose the correct answer from the options given below:
Which of the following is/are characteristics of an entrepreneur?
A. Risk-taker
B. Strong financial background
C. Effective communicator
D. Knowledge across sectors
Choose the correct answer from the options given below:
A. Risk-taker
B. Strong financial background
C. Effective communicator
D. Knowledge across sectors
Choose the correct answer from the options given below:
Show Hint
Core entrepreneurial traits: Calculated risk-taking, effective communication, visionary leadership, and resilience.
Updated On: Sep 15, 2026
- A and B only
- A and C only
- B and C only
- B and D only
Show Solution
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The Correct Option is B
Solution and Explanation
Step 1: Understanding the Concept:
Entrepreneurship theory identifies core behavioral competencies and psychological attributes of successful entrepreneurs.
Step 2: Detailed Explanation:
1. Risk-taking propensity (Statement A): The ability to undertake calculated risks and manage uncertainty is a defining characteristic of entrepreneurship.
2. Effective communication (Statement C): Clear interpersonal communication is vital for pitching ideas, negotiating with suppliers, leading teams, and marketing to clients.
Having a strong financial background (wealth) or encyclopedic knowledge across unrelated sectors are not necessary prerequisites for entrepreneurial success.
Step 3: Final Answer:
Therefore, A and C only are fundamental characteristics of an entrepreneur.
Entrepreneurship theory identifies core behavioral competencies and psychological attributes of successful entrepreneurs.
Step 2: Detailed Explanation:
1. Risk-taking propensity (Statement A): The ability to undertake calculated risks and manage uncertainty is a defining characteristic of entrepreneurship.
2. Effective communication (Statement C): Clear interpersonal communication is vital for pitching ideas, negotiating with suppliers, leading teams, and marketing to clients.
Having a strong financial background (wealth) or encyclopedic knowledge across unrelated sectors are not necessary prerequisites for entrepreneurial success.
Step 3: Final Answer:
Therefore, A and C only are fundamental characteristics of an entrepreneur.
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