Financing New, Untested Businesses Is Risky, So the Most Likely

question 35

Short Answer

Financing new, untested businesses is risky, so the most likely route to financing would be to go to
a venture capital firm.
the Economic Development Bank.
an institutional lender.
the Industrial Development Bank.
a brokerage house.

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Definitions:

Recruiting

Forming a pool of qualified applicants from which management can select employees.

Qualified Applicants

Qualified applicants are individuals who meet the necessary educational, work experience, and skill requirements for a particular job position.