Most New Ventures Are Started by "Bootstrapping", Which Is Initiating

question 9

True/False

Most new ventures are started by "bootstrapping", which is initiating the venture on marginal financial resources from personal savings, family, and friends.

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Definitions:

Robust

Describes a system, model, or test that remains effective under a wide variety of conditions or assumptions.

Nonnormal

Refers to data distributions that do not follow a normal distribution, often characterized by skewness or a lack of symmetry.

Randomly Selected

A process of selection in which each member of a set has an equal probability of being chosen.

Probability P

The likelihood of a specific event occurring, often denoted as a number between 0 and 1.