Practice Decision-Making Skills - 2.2.3 | 2. Entrepreneurship | ICSE Class 11 Business Studies
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2.2.3 - Decision-Making Skills

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Why are decision-making skills important for entrepreneurs?

💡 Hint: Think about the consequences of bad decisions.

Question 2

Easy

What is the first step in the decision-making process?

💡 Hint: What do you need to know before making a choice?

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is a key role of decision-making in entrepreneurship?

  • To ignore risks
  • To hesitate
  • To enable effective choices

💡 Hint: Consider how decisions impact a business.

Question 2

True or False: Risk assessment is not important when making business decisions.

  • True
  • False

💡 Hint: What happens if you overlook risks?

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

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.

Question 2

Evaluate how incorporating feedback from previous decisions can influence future outcomes for an entrepreneur.

💡 Hint: Reflect on the significance of learning from experience.

Challenge and get performance evaluation