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Subjects
Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsHardLevel 47

If an entrepreneur compares cost and benefit before buying a new machine, which skill is shown?

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Answer and explanation

Correct answer: Wise decision making

Comparing cost and benefit makes a decision balanced. Exam tip: remember cost-benefit thinking.

Tags

home-scienceentrepreneurshipdecision-making

Frequently asked questions

What is the correct answer to this question?

Wise decision making

Why is this the correct answer?

Comparing cost and benefit makes a decision balanced. Exam tip: remember cost-benefit thinking.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.

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