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CMA Final · Entrepreneurship and Startup · Entrepreneurial Skill Sets

Vikram, a Surat textile founder, tolerates not knowing whether a new export market will accept his product, yet he runs small pilot orders, tracks the responses and decides step by step. This approach best reflects:

Vikram displays tolerance for ambiguity with calculated risk-taking. He accepts that the outcome is uncertain but limits exposure through small pilot orders and decides on evidence, which differs from reckless gambling or waiting for complete information before acting.

  1. ATolerance for ambiguity combined with calculated risk-takingCorrect
  2. BGambling propensity with no assessment of outcomes
  3. CAvoidance of uncertainty by waiting for complete information
  4. DDependence on authority for every decision

Explanation

Vikram accepts uncertainty but limits exposure through small pilots and evidence-based steps, which is tolerance for ambiguity with calculated risk-taking. Gambling would involve no assessment. Waiting for complete information is the opposite of tolerating ambiguity, and he decides independently rather than depending on authority.

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