To Which of the Following Is an Entrepreneur Likely Referring

question 11

Multiple Choice

To which of the following is an entrepreneur likely referring when using the term "angel" in reference to an investment plan?

• A) An investment banker
• B) A venture capitalist
• C) Lenders of last resort who provide needed funds once it appears that an entrepreneur who has started a company is in financial trouble
• D) Family,friends,and wealthy individual investors to whom the entrepreneur first turns to seek funds

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Definitions:

Self-Serving Bias

The common tendency to attribute one's successes to personal characteristics and failures to external factors.

Very Smart

A term often used to describe individuals with high intellectual capabilities or talented in a particular area.

Fundamental Attribution Error

The tendency to attribute others' behaviors to their character or personality while underestimating the influence of external factors.

Illusory Correlation

The belief in a connection between two factors when in reality, there is no such link.