When Entrepreneurs Fail, What Do They Tend to Do

question 19

Multiple Choice

When entrepreneurs fail, what do they tend to do?

• A) They quickly dismiss the failure and soon convince themselves that it didn't really occur.
• B) They take it very personally, so it has a devastating effect on their self-confidence and self-esteem.
• C) They view the failure as an outcome that was caused by forces beyond their control.
• D) They view it as an opportunity to learn from their mistakes.

---

Definitions:

P < .05

A statistical threshold indicating that the probability of observing the obtained result, or more extreme, if the null hypothesis is true, is less than 5%.

T-test

A statistical test used to compare the means of two groups or test a single mean against a known value.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis; it defines the cutoff between significance and non-significance.

Null Hypothesis

A hypothesis that suggests there is no significant difference between specified populations, or no association among groups.