According to the textbook, beyond their own funds, the second source of funds for many new ventures is ________.
A) government grants
B) business angels
C) friends and family
D) banks
E) venture capital

Question

Quizplus · Accepted Answer

The book mentions that friends and family often provide funds for new ventures after the entrepreneur's own personal funds have been exhausted. While the other options (government grants, business angels, banks, and venture capital) may also be sources of funding, the book specifically highlights friends and family as the second source after personal funds.

According to the Textbook, Beyond Their Own Funds, the Second