A fund providing resources from which individuals and groups draw to develop new ideas, products, or businesses is referred to as a(n)
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 personal savings or investments, and a development fund could refer to a variety of funds focused on different types of development (economic, social, etc.). A change fund is not a commonly used term in finance or business, and a mutual fund is a type of investment fund that pools money from multiple investors to purchase securities.

A Fund Providing Resources from Which Individuals and Groups Draw