Which quality demonstrates a successful entrepreneur's ability to take calculated risks?
Answer and explanation
Correct answer: Making decisions after assessing possible gains and losses
Calculated risk-taking does not mean acting recklessly or avoiding every uncertain situation. An entrepreneur studies likely costs, benefits, losses, market conditions, and available resources before deciding. This assessment makes the risk informed and manageable. Therefore, option B is correct; the other choices show carelessness, excessive fear of innovation, or lack of independent judgment.
Frequently asked questions
What is the correct answer to this question?
Making decisions after assessing possible gains and losses
Why is this the correct answer?
Calculated risk-taking does not mean acting recklessly or avoiding every uncertain situation. An entrepreneur studies likely costs, benefits, losses, market conditions, and available resources before deciding. This assessment makes the risk informed and manageable. Therefore, option B is correct; the other choices show carelessness, excessive fear of innovation, or lack of independent judgment.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
