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Which option shows the best use of resources by an entrepreneur?

Answer and explanation

Correct answer: Spending limited capital on priority needs

Resource management requires the entrepreneur to rank needs and direct scarce money, time, and materials toward activities essential for starting and serving customers. Priority spending supports operations and reduces waste. Spending all capital on appearance, buying unnecessary items, or failing to record expenses weakens control and may leave too little working capital.

Related tags

Resource-ManagementPriorityEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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