Question

Selection of an enterprise depends on

• A. Sole trading
• B. Right of entrepreneur
• C. Self ability of entrepreneur
• D. None of these

Hint:

When choosing a business, a good entrepreneur looks for a match between an external opportunity and their internal strengths (skills, knowledge, abilities). This alignment increases the chances of success.

Answer 1

The Correct Option is C

Step 1: Understanding the Question:
The question asks what the selection of a business venture ('enterprise') depends on from an entrepreneur's perspective.
Step 2: Analysis of Options:
Let's evaluate the relevance of each option to the decision of selecting a type of business to start.

(A) Sole trading: This is a form of business ownership, not a factor in deciding *what* business to start. The decision on the type of enterprise (e.g., a restaurant, a software company) comes before deciding on the legal form (sole trading, partnership, etc.).

(B) Right of entrepreneur: An entrepreneur has the right to start a business, but this right does not determine which specific enterprise they should choose. It's a precondition, not a selection criterion.

(C) Self ability of entrepreneur: This is a critical factor. An entrepreneur's choice of business is heavily influenced by their own skills, knowledge, experience, and passion. An entrepreneur is more likely to succeed in a field where their personal abilities and competencies can be effectively utilized. For example, a person with strong coding skills is more likely to select a tech-related enterprise.

Step 3: Final Answer:
The self-ability of the entrepreneur is a key determinant in the selection of a suitable enterprise. Therefore, (C) is the correct answer.