Jeff Arnold and Reggie Bradford Created WebMD, an Internet Provider

question 90

Multiple Choice

Jeff Arnold and Reggie Bradford created WebMD, an Internet provider of health care information.During the development of this high-growth company, Arnold and Bradford attracted a group of investors who purchased stock in their company and provided them with ______ financing.

• A)debt
• B)liquid
• C)equity
• D)venture
• E)entrepreneurial

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Definitions:

Bankruptcy Code

A collection of laws and regulations that govern the process of bankruptcy in the United States, providing a legal framework for resolving insolvency.

Discriminate

To treat someone differently or less favorably because of their race, gender, age, or other characteristic.

Insolvent

The condition of being unable to pay debts as they fall due, or having liabilities that exceed the value of assets.

Chapter 13

A type of bankruptcy in the United States that allows individuals with a regular income to develop a plan to repay all or part of their debts under the bankruptcy court's protection.