2.2.3 - Decision-Making Skills
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Practice Questions
Test your understanding with targeted questions
Why are decision-making skills important for entrepreneurs?
💡 Hint: Think about the consequences of bad decisions.
What is the first step in the decision-making process?
💡 Hint: What do you need to know before making a choice?
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is a key role of decision-making in entrepreneurship?
💡 Hint: Consider how decisions impact a business.
True or False: Risk assessment is not important when making business decisions.
💡 Hint: What happens if you overlook risks?
1 more question available
Challenge Problems
Push your limits with advanced challenges
An entrepreneur is considering launching a new product but is unsure of the market demand. Create a decision-making plan that outlines at least three steps the entrepreneur should follow.
💡 Hint: Think about the most critical information needed first.
Evaluate how incorporating feedback from previous decisions can influence future outcomes for an entrepreneur.
💡 Hint: Reflect on the significance of learning from experience.
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Reference links
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