Beginning an Entrepreneurial Initiative Is Stressful and Often Requires You

question 7

Multiple Choice

Beginning an entrepreneurial initiative is stressful and often requires you to deal with unexpected situations, rethink strategies when things don't go as planned, and cope with feelings of disappointment and frustration. Which entrepreneurial characteristic does this best represent?

• A) Motivation
• B) Self-regulation and self-knowledge
• C) Making effective decisions and avoiding cognitive traps
• D) Dealing with adversity and failure

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Definitions:

Judgment

The capacity to make well-considered choices or come to reasonable conclusions.

Optimistic Bias Heuristic

A cognitive shortcut that leads individuals to believe that they are less likely to experience negative events compared to others.

Error

A mistake in reasoning, action, or calculation that may lead to incorrect conclusions or outcomes.

Judgment

The ability to make considered decisions or come to sensible conclusions based on a critical assessment of evidence and reasoning.