Q1. [1] § Introduction § Session 3: Myths about Entrepreneurship § Session 4: Entrepreneurship as a Career Option
Which of the following is a common misconception about entrepreneurship?
- (A) Entrepreneurs are not always successful on their first attempt.
- (B) It's not required to have extensive industry experience to become entrepreneurs.
- (C) Starting a business requires a large amount of initial capital.
- (D) Entrepreneurs may need to collaborate with others.
Previously asked in CBSE board exam
2025 104/S Q1 (ii)
Generated by claude-sonnet-4-6 · 2026-06-21 03:20 · grounding rag
Model Answer
(C) Starting a business requires a large amount of initial capital.
Explanation
The textbook explicitly addresses this as Misconception 2: "A misconception we have is that a person needs a lot of money to start a business." The truth is that businesses can be started with whatever capital is available. Options A, B, and D reflect actual truths about entrepreneurship, not misconceptions.
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