Q22. Which of the following statements concerning financing a small business is

Question

Q22. Which of the following statements concerning financing a small business is true?

a. Choosing the right sources of capital for a business can be just as important as choosing the right form of ownership or the right location because of the long-term impact it has on a company.

b. When it comes to attracting capital for launching or expanding a business, creativity counts; entrepreneurs must use as much ingenuity in financing their businesses as they do in generating their product or service ideas.

c. Before accepting startup money, entrepreneurs must take into account the "chemistry" between themselves, their companies, and their funding sources, making sure that the match is a good one.

d. All of the above.

Explanation / Answer

Answer: Option (d). All of the above.

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