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Why is decision-making ability important for an entrepreneur?

Answer and explanation

Correct answer: To choose the right option at the right time

An entrepreneur regularly faces choices about products, prices, suppliers, employees, and the use of money. Decision-making ability helps compare available alternatives, judge their likely results, and select a suitable option within the required time. Therefore, option A is correct. The other options describe actions that harm or stop business rather than support responsible management.

Related tags

Decision-MakingEntrepreneurial-TraitsPlanningEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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