In Groups of Business Angels

question 112

Multiple Choice

In groups of business angels:

• A)all angels must agree to invest or the deal is off.
• B)a majority of angels favouring investment obligates all angels to the deal.
• C)individual angels make personal decisions about whether or not to invest.
• D)no angel can invest unless all angels invest.

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Definitions:

Product Demand

The desire and willingness to purchase a specific good or service by consumers.

Marginal Product

is the increase in output resulting from a one-unit increase in the quantity of a particular input, while holding other inputs constant.

Competitive Market

A market structure characterized by a large number of sellers and buyers where no single entity has the power to influence market prices significantly.

Profits

The financial benefit that is realized when revenue generated from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.