What does calculated risk-taking mean?
Answer and explanation
Correct answer: Taking risk based on information and planning
Calculated risk-taking means identifying possible outcomes, collecting relevant information, estimating costs and benefits, and preparing a plan before accepting uncertainty. It does not guarantee success or remove all danger, but it makes the decision more informed and controlled. Therefore option A is correct; impulsive action and total avoidance are different behaviours.
Frequently asked questions
What is the correct answer to this question?
Taking risk based on information and planning
Why is this the correct answer?
Calculated risk-taking means identifying possible outcomes, collecting relevant information, estimating costs and benefits, and preparing a plan before accepting uncertainty. It does not guarantee success or remove all danger, but it makes the decision more informed and controlled. Therefore option A is correct; impulsive action and total avoidance are different behaviours.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Business Risk.
