Funds obtained from ________ are the least expensive in terms of cost and control.
A) the entrepreneur's personal resources
B) friends and family
C) commercial banks
D) private placement

Question

Quizplus · Accepted Answer

The entrepreneur's personal resources, such as savings, are generally the least expensive source of funding because there are no additional costs such as interest or equity dilution. Additionally, the entrepreneur has full control over the funds, without any interference or obligation to outside parties.

Funds Obtained from ________ Are the Least Expensive in Terms