A fund providing resources from which individuals and groups draw to develop new ideas, products, or businesses is referred to as a _____.
A) personal fund
B) development fund
C) new-venture fund
D) change fund
E) mutual fund

Question

Quizplus · Accepted Answer

A new-venture fund is specifically designed to provide resources for individuals and groups to develop new ideas, products, or businesses. Personal funds are typically used for personal expenses, and development funds and change funds can refer to a variety of different types of funds that may not necessarily be focused on new ventures. Mutual funds are a type of investment fund that pools money from multiple investors to purchase securities.

A Fund Providing Resources from Which Individuals and Groups Draw