The correct answer would be, Keeping realistic expectations of what you can accomplish
The time management skill of knowing your limits means keeping realistic expectations of what you can accomplish.
Explanation:
It is very important for a person to know the potential within himself. He must know that what he is capable of doing. He must set realistic goals for himself to achieve anything.
So the time management skill of knowing you limits means, a person must know what he can accomplish within a given time period.
For example, if you set a goal of reading a 500 pages book in 2 hours, it won't be realistic. You won't be able to accomplish this goal. So you must set realistic expectations.
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