Why are facts important in decision-making?
Answer and explanation
Correct answer: To help make correct and reliable decisions
Relevant and verified facts describe the situation more accurately than guesses or rumours. They help a decision-maker identify the real problem, compare alternatives, estimate likely consequences, and justify the chosen action. Facts do not guarantee a perfect result because judgement is still needed, but they make decisions more informed and reliable than unsupported assumptions.
Frequently asked questions
What is the correct answer to this question?
To help make correct and reliable decisions
Why is this the correct answer?
Relevant and verified facts describe the situation more accurately than guesses or rumours. They help a decision-maker identify the real problem, compare alternatives, estimate likely consequences, and justify the chosen action. Facts do not guarantee a perfect result because judgement is still needed, but they make decisions more informed and reliable than unsupported assumptions.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
