The "Two-Thirds Rule" Says That Only Two-Thirds of the Entrepreneurs

question 48

True/False

The "two-thirds rule" says that only two-thirds of the entrepreneurs with a sound new business venture will get financing, that they will get only two-thirds of what they need, and that it will take them two-thirds longer to get it than they anticipated.

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Definitions:

Instability

A condition of being variable or prone to change, often used to describe emotional or mental unpredictability in individuals.

Preconventional Level

According to Kohlberg, evaluating importance of individual needs and personal conscience in regard to maintenance of the social order.

Psychosocial Development

A framework created by Erik Erikson that outlines human development across eight stages, from infancy to late adulthood, focusing on social interactions and conflicts.

Autonomy

The concept of being self-directed and free to make one's own decisions, leading to a sense of independence.