CMA Final · Entrepreneurship and Startup · Entrepreneurial Skill Sets
Rohit, founder of a Chennai agri-tech startup, scores high on a self-assessment of 'internal locus of control'. Which belief best reflects this trait?
Internal locus of control means Rohit believes the results of his venture depend mainly on his own decisions and efforts. Attributing outcomes to luck, government policy or investors reflects an external locus of control, which is the opposite of this entrepreneurial trait.
- AOutcomes of the venture depend mainly on his own decisions and effortsCorrect
- BBusiness success is mostly determined by luck and market fate
- CGovernment policy alone decides whether the venture survives
- DInvestors rather than founders control the venture's results
Explanation
Internal locus of control means a person believes personal actions shape outcomes. The other options attribute outcomes to external forces such as luck, policy or investors, which describes an external locus of control.
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