An entrepreneur launching a new business has multiple sources to choose from when it comes to financing. All of the following are good sources for funding a new enterpriseexcept
A) personal savings, credit cards, and second mortgages.
B) loans from family or friends.
C) winnings from gambling at casinos and horse races.
D) angel investors and venture capitalists.
E) loans backed by the Small Business Administration.

Question

Quizplus · Accepted Answer

Winnings from gambling at casinos and horse races are not considered reliable or good sources for funding a new enterprise due to their speculative and uncertain nature. Other options like personal savings, loans from family or friends, angel investors, venture capitalists, and loans backed by the Small Business Administration are more traditional and stable sources of funding for a new business.

An Entrepreneur Launching a New Business Has Multiple Sources to Choose