HOPE, Inc Is a New Start-Up Firm with No Assets but but an Idea

question 58

Multiple Choice

HOPE, Inc. is a new start-up firm with no assets but an idea for a high-risk project. The funding for this project is most apt to come from:

• A) Long-term bonds.
• B) Preferred stock.
• C) Flotation capital.
• D) Venture capital.
• E) Shareholder rights.

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Definitions:

Responsibility of Citizenship

The duties and obligations that come with being a member of a community or country, including obeying laws, paying taxes, and participating in civic life.

Business Ethics

Ethics in a business context; a consensus of what constitutes right or wrong behavior in the world of business and the application of moral principles to situations that arise in a business setting.

Corporate Policy

Guidelines or principles set by a company to direct the actions and decision-making of its employees and management.

Outcome-Based Ethics

An ethical framework that focuses on the results or consequences of actions to determine their moral value, rather than the actions themselves.