Chris's new business is failing. In desperation, he asks his most experienced investor, Gerardo, for advice. Gerardo says, "Chris, I'm glad you asked. As a(n) ________ investor, I've seen other businesses struggle, and I believe that I can help your business recover. In fact, I'll probably be willing to make further investments if I can have some say-so in what steps you take to recover."
A) sophisticated
B) nonprofessional
C) affiliate model
D) intermediary model
E) junior

Question

Quizplus · Accepted Answer

Gerardo's statement indicates that he has experience as an investor and may have expertise in turning around failing businesses. This suggests that he is a sophisticated investor. Additionally, his willingness to make further investments if he has a say in the recovery steps indicates that he may be more involved in the business than a nonprofessional or junior investor would be.

Chris's New Business Is Failing