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Early Failures Are Nearly a Guarantee That a Venture Will

question 57

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Early failures are nearly a guarantee that a venture will not succeed; don't be tempted to throw good money after bad.


Definitions:

Prospective Cohort Study

A longitudinal study in which subjects are followed over time to observe outcomes, such as the development of diseases, after exposure to certain risk factors.

Systematic Sample

A sampling method where elements are selected from an ordered population using a fixed periodic interval.

Occupational Group

Refers to a categorization of jobs that individuals hold based on similarities in job duties, skill, education, and/or training requirements.

Baseline Examination

An initial set of tests or assessments conducted to understand the health status or condition of an individual or group before the commencement of a study or treatment.

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