Answered: What is the most common source of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Transcribed Image Text:What is the most common source of funding for entrepreneurs? Multiple Choice personal savings and Individual Investors such as family finance compantes and banks the Small Business Administration former employers and the State Economic Development Authority Brandon, an experlenced backpacker, didn't find the flavor or selection of most dehydrated food appetizing. so he set out to create something better. Brandon, a food chemist, and his college roommate, Travis, nowa chef, collaborated to produce some food cholces and sell them In upscale outdoor outfitters. Travis asked Cody, a marketing professional who had created a new logo and menus for a restaurant If he would be Interested in the venture. This group Is referred to as Multiple Cholce an entrepreneurlal team. a think tank. an Intrapreneurial team. micropreneurs. Jaxon works for a company that promotes an entrepreneurlal culture. Employees are encouraged to discuss new ideas. Development time is provided on the job for those ideas that float to the top. These employees who use their creative talents to generate ideas and create products within large companies are called Multipie Choice brainstormers. Intrapreneurs. analyzers. patent directors.

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