What is crowdfunding?
A) Refers to the wisdom of the crowd.
B) Sources capital for a project by raising many small amounts from a large number of individuals, typically via the Internet.
C) Collaborates and taps into the core knowledge of all employees, partners, and customers.
D) Involves capturing, classifying, evaluating, retrieving, and sharing information assets in a way that provides context for effective decisions and actions.

Question

Quizplus · Accepted Answer

Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors. This approach taps into the collective efforts of a large pool of individuals—primarily online via social media and crowdfunding platforms—and leverages their networks for greater reach and exposure.

What Is Crowdfunding