Use the Following Selected Data and Additional Information to Answer

question 118

Essay

Use the following selected data and additional information to answer the questions that follow:
Additional information:

Understand the implications of rewards and equity sharing in crowdfunding campaigns and their effects on campaign approval and backer expectations.

Understand the differences between crowdfunding and crowdsourcing.

Identify the leading global crowdfunding platforms and their characteristics.

Recognize common challenges and delays in crowdfunded projects.

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Definitions:

Fixed Costs

Expenses that do not change in total irrespective of the volume of goods or services produced by a company.

Break Even

The point at which total revenues equal total expenses, with no net loss or profit.

Variable Costs

Expenses that are directly tied to the rate of goods produced or services sold, such as the cost of materials and labor involved.

Fixed Costs

Costs that remain constant for a business over a period, regardless of the level of goods or services produced.