Crowdfunding Is an Online Practice That Applies Only in Business-To-Business

question 10

True/False

Crowdfunding is an online practice that applies only in business-to-business transactions;it is not appropriate to use with family and friends.

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Definitions:

Legal Entity

An organization or structure that is recognized by law as having rights and responsibilities, such as a corporation, partnership, or trust.

Stock

Shares of ownership in a company, representing a claim on the company's assets and earnings.

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns.

Board of Directors

Members selected by the corporation's shareholders to govern and decide on important matters concerning the company's administration.