Which of the following was not mentioned in the textbook as a way that lenders and investors add value to a new venture, beyond providing money?
A) help the firm fine-tune its business model
B) serve on the firm's board of directors or board of advisors
C) recruit customers
D) help identify and recruit key management personnel
E) help manage the day-to-day activities of the firm

Question

Quizplus · Accepted Answer

The textbook did not mention that lenders and investors help manage the day-to-day activities of the firm. The other options listed were mentioned as ways that lenders and investors can add value to a new venture beyond providing money.

Which of the Following Was Not Mentioned in the Textbook