Final answer:
Setbacks are not solely a result of lack of effort or an indication of failure; they can happen for various reasons and may contribute to learning and growth.
Step-by-step explanation:
The statement 'Setbacks are a result of a lack of effort and are an indication of failure' is false. Setbacks can occur for a variety of reasons and do not necessarily indicate a lack of effort or that one has failed. In many cases, setbacks can provide valuable learning experiences and opportunities for growth. They can result from external factors beyond an individual's control, from strategic mistakes that provide learning experiences, or even from taking risks that do not pay off immediately but may lead to greater success in the future.
It is important to view setbacks as part of the learning process. Instead of seeing them strictly as failures, they can be understood as stepping stones towards achieving more complex goals. They can also inspire creative problem-solving and the development of resilience.