Most Small Businesses Are Unable to Secure Long-Term Financing

question 211

True/False

Most small businesses are unable to secure long-term financing.

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Definitions:

Intrinsic Locus Control

The belief that individuals can control events that affect them because of traits or abilities they possess.

Extrinsic Locus Control

A belief that external forces or situations beyond one's personal control determine life events and outcomes.

Self-Handicapping Tendencies

Behaviors or attitudes people adopt to create excuses for themselves, so they can avoid self-blame in case of failure.

Symbolic Interactionism

The perspective that people use their understanding of how others view them as the primary basis for knowing and evaluating themselves.