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What does accountability mean for an entrepreneur?

Answer and explanation

Correct answer: Taking responsibility for one’s decisions and their outcomes

Accountability means being answerable for the decisions one makes and the results that follow. An accountable entrepreneur keeps appropriate records, reviews what happened, accepts mistakes and takes corrective action instead of shifting blame. Avoiding decisions or keeping no records weakens responsibility, while claiming success but blaming others for failure is the opposite of accountability. Thus, option D is correct.

Related tags

AccountabilityResponsibilityDecision-MakingIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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