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Class 11Home ScienceWork, Livelihood and CareerEntrepreneurship: definition and characteristicsMediumLevel 46

What is the correct meaning of risk-taking in entrepreneurship?

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Answer and explanation

Correct answer: Facing uncertainty after careful thinking

An entrepreneur does not take blind risk but decides based on information. In exams, connect risk with thoughtful decision-making.

Tags

risk takingcalculated riskentrepreneurship

Frequently asked questions

What is the correct answer to this question?

Facing uncertainty after careful thinking

Why is this the correct answer?

An entrepreneur does not take blind risk but decides based on information. In exams, connect risk with thoughtful decision-making.

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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