Question 15.
Based on the passage, why would character skills help entrepreneurs more than cognitive skills?
A
Character skills are industry agnostic in application.
B
One can be poor in finance and quantitative skills but really good in character skills
C
Character skills prepare you for an uncertain future.
D
Entrepreneurs are already aware of their business and are only missing character skills.
Question Explanation
Text ExplanationVideo Explanation
The study discussed in the passage found that character skills, such as proactivity, discipline, and determination, had a far more significant impact on entrepreneurs’ success - leading to a 30% increase in profits over two years - than cognitive skills, which involved business-related knowledge like finance and marketing. Character skills helped entrepreneurs generate new opportunities, stay resilient in the face of adversity, and adapt to changing circumstances, all of which are crucial for navigating an uncertain future. Option C correctly emphasises this idea: character skills prepare entrepreneurs to anticipate and adapt to future challenges.
The focus on character skills being industry agnostic (Option A) is misplaced: while these skills may be broadly applicable, the passage doesn’t emphasize this as the primary reason for their effectiveness.
Options B and D are not relevant points: the author does not argue that entrepreneurs can be poor in cognitive skills but excel in character skills alone, nor does he suggest that entrepreneurs are already aware of their business and only lack character skills. Both these are not presented in the passage, and thus, they can be eliminated.
Option E is partially true but contains additional information: though character skills enable entrepreneurs to generate opportunities, it is not implied that this dissuades them from capitalizing on existing opportunities.
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