Which of the following qualities best demonstrates an entrepreneur's ability to take risks?
Answer and explanation
Correct answer: Making a considered investment in a new product based on market information
Entrepreneurial risk-taking means making decisions under uncertainty after assessing available market information, not spending recklessly. Hence, a considered new-product investment is correct. Exam tip: choose options that combine risk with planning.
Frequently asked questions
What is the correct answer to this question?
Making a considered investment in a new product based on market information
Why is this the correct answer?
Entrepreneurial risk-taking means making decisions under uncertainty after assessing available market information, not spending recklessly. Hence, a considered new-product investment is correct. Exam tip: choose options that combine risk with planning.
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.
