Jose has successfully initiated a business of repairing cars. However, without immediate income to sustain the business, he may have to shut his shop. His friend, Adam, invests in the company and gives the company a much-required boost. In this situation, Adam is a(n) ________.
A) bank financier
B) venture capitalist
C) angel investor
D) crowd funder
E) private equity investor

Question

Quizplus · Accepted Answer

Adam is an angel investor, as he has invested his own personal funds into Jose's business without requiring immediate returns. This type of investment is common in early-stage startups that have potential for growth but lack the necessary capital to sustain operations.

Jose Has Successfully Initiated a Business of Repairing Cars