What Is the Most Common Way That Entrepreneurs Finance the Start-Up

question 64

Multiple Choice

What is the most common way that entrepreneurs finance the start-up of a new business?

• A) Self-financing from savings or credit cards
• B) Loans from friends, family, or business associates
• C) Bank loans
• D) Lines of credit
• E) Venture capital

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Definitions:

English Liberty

The concept and practice of personal freedoms and rights historically protected by law in England, often cited as a foundation for modern democratic systems.

Anglo-American Colonies

Refers to colonies in North America that were under British rule, which later formed the United States of America.

English Civil War

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in England in the mid-17th century, leading to the trial and execution of Charles I, the dictatorship of Oliver Cromwell, and eventually the restoration of the monarchy.

Magna Carta

A charter of liberties agreed to by King John of England in 1215, considered a foundational document establishing principles of legal authority and individual rights.