-Create a Pivot Table That Illustrates Something Meaningful About the Variables

question 4

Essay

-Create a pivot table that illustrates something meaningful about the variables in the accompanying table.

Recognize bootstrapping as a financial strategy for starting a business with minimal resources.

Identify crowdsourcing as a method for gathering information, ideas, or services from a large group of people.

Distinguish between different fundraising strategies, including bootstrapping, crowdfunding, and seeking formal investments.

Understand the role and impact of digital platforms in facilitating crowdfunding and crowdsourcing efforts.

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Definitions:

Life Insurance

A contract between an insurer and an insured, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Funeral Expenses

Costs associated with the burial or cremation and memorial services of a deceased individual.

Situational Loss

The experience of loss associated with a specific situation or life event, such as job loss or the end of a relationship, impacting an individual's wellbeing.

Downsized

Reduced in size, scope, or scale, often referring to companies or organizations that have reduced their workforce to cut costs.