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What does decision making based on correct information show for an entrepreneur?

Answer and explanation

Correct answer: Wise decision-making ability

The direct answer is A, wise decision-making ability. An entrepreneur must use dependable facts before choosing what to do. First, correct information gives a clear picture of the market, costs, customers, resources and possible results. Second, the entrepreneur compares alternatives and thinks about benefits and risks. Third, a choice is made carefully instead of by guesswork. This shows विवेकपूर्ण, or wise and sensible, decision-making. Option A is correct because it directly describes a reasoned choice based on facts. Option B, blind risk, means acting without enough knowledge, which is the opposite of using correct information. Option C, delaying work, means postponing action and does not describe careful decision-making. Option D, ignoring customers, removes an important source of information and can harm the business. A useful exam cue is: facts before choice means wise decision-making.

Related tags

Home-ScienceEntrepreneurshipDecision-Making

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