Which of the following statements is true of financing an entrepreneurial firm?
A) Microfinance involves lending sums ranging from $600-$1000 to start medium-scale businesses.
B) Countries that have low venture capital (VC) investment lack sources of informal investment.
C) Innovative entrepreneurship is usually not financed through formal investment.
D) Strategic investors demand collateral in return for financing the firm.
Correct Answer:
Verified
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