When receiving investment money from friends and relatives entrepreneurs should:
A) use a clear verbal contract to ensure no misunderstandings.
B) only borrow from close friends and relatives who won't cause them trouble.
C) discuss all the details of the investment up front.
D) not borrow more than 30% of the necessary capital from them.
Correct Answer:
Verified
Q10: The money Bert uses to build inventory
Q11: Private "angel" investors tend to:
A)take 80% ownership
Q12: "Angels":
A)are hard investors to please.Nearly 70% are
Q13: When looking for an angel,the key is:
A)networking.
B)using
Q14: Most "angel" investments:
A)are for growth or fixed
Q16: Tien is looking for capital to purchase
Q17: The most common source of equity funds
Q18: When structuring a deal with an "angel,"
Q19: An advantage of using friends and relatives
Q20: _ financing includes the personal investment of
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