In which situation has an entrepreneur followed the correct decision-making process?
Answer and explanation
Correct answer: Collected information, compared options, and then decided
A sound decision normally begins with defining the issue, collecting relevant information, identifying alternatives, comparing their likely consequences, and selecting the most suitable option. Option A includes information gathering and comparison. The other choices rely on impulse, fear, or imitation rather than reasoned evaluation.
Frequently asked questions
What is the correct answer to this question?
Collected information, compared options, and then decided
Why is this the correct answer?
A sound decision normally begins with defining the issue, collecting relevant information, identifying alternatives, comparing their likely consequences, and selecting the most suitable option. Option A includes information gathering and comparison. The other choices rely on impulse, fear, or imitation rather than reasoned evaluation.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
