Which example shows the most sensible handling of uncertainty by an entrepreneur?
Answer and explanation
Correct answer: Testing on a small scale and improving through feedback
Small testing reduces uncertainty and risk. In exams, treat controlled testing as entrepreneurial wisdom.
Frequently asked questions
What is the correct answer to this question?
Testing on a small scale and improving through feedback
Why is this the correct answer?
Small testing reduces uncertainty and risk. In exams, treat controlled testing as entrepreneurial wisdom.
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.