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When an entrepreneur makes the best use of available resources, which ability is demonstrated?

Answer and explanation

Correct answer: Resourcefulness

Resourcefulness is the ability to find practical ways to achieve results by using available materials, skills, time and relationships wisely. It is especially important when resources are limited. Indiscipline and passivity reduce effective action, while fatalism assumes outcomes cannot be influenced; therefore resourcefulness is correct.

Related tags

ResourcefulnessResource-ManagementIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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