Which of the following statements is not true according to the "two-thirds rule"?
A) Only two-thirds of entrepreneurs with a sound and viable business venture will find financial backing.
B) Entrepreneurs who do get financing for their business will get only two-thirds of the capital they initially requested.
C) Entrepreneurs who do get financing for their businesses will find that it takes them two-thirds longer to get it than they anticipated.
D) Only two-thirds of entrepreneurs will take the time to prepare a business plan.

Question

Quizplus · Accepted Answer

The "two-thirds rule" typically refers to the challenges entrepreneurs face in securing financing, not about the proportion of entrepreneurs preparing a business plan.

Which of the Following Statements Is Not True According to the "Two-Thirds