Which of the Following Statements Is NOT Correct Regarding Business

question 40

Multiple Choice

Which of the following statements is NOT correct regarding business angels?

• A) Business angels invest in more startups on a yearly basis than venture capitalists.
• B) The number of angel investors has decreased dramatically over the past decade.
• C) Business angels usually take a seat on the board of directors of the firms in which they invest.
• D) Business angels are valuable because of their willingness to make relatively small investments.
• E) Business angels are difficult to find.

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Definitions:

CPAs

Certified Public Accountants, professionals who have met the education and licensing requirements to offer accounting services to the public, including audits and financial planning.

Financial Statements

Documents that provide an overview of a company's financial condition, including income statement, balance sheet, and statement of cash flows.

Expressing Opinion

The act of stating beliefs or judgments about something, commonly found in audits where an auditor states the fairness of financial statements.

Profit-oriented Business

A business entity that focuses primarily on generating profits or financial gains as its main objective.