Which of the Following Statements Is True Concerning the Term

Which of the following statements is true concerning the term "venture capital?"

A) In the United States the term refers to all professionally managed, equity-based investments in private, entrepreneurial growth companies while in Europe the term refers to early-and expansion-stage financing.
B) In the United States the term refers to all professionally managed, equity-based investments in private, entrepreneurial growth companies while in Europe the term refers to later-stage financing.
C) In Europe the term refers to all professionally managed, equity-based investments in private, entrepreneurial growth companies while in the United States the term refers to early-and expansion-stage financing.
D) The terms refer to the same thing in both Europe and the United States.