Jacob Is in Urgent Need of Financing for His Rapidly-Growing

question 20

Multiple Choice

Jacob is in urgent need of financing for his rapidly-growing online travel business Travelmunch. As Jacob does not usually pay off his loans on time, his credit score is very low. He feels overwhelmed and thinks that it would be ideal if he receives some guidance on how to run the business. Given his situation, which of the following key sources of funding would be ideal for Jacob?

• A) A commercial bank loan
• B) A venture capital firm
• C) An initial public offering
• D) A U.S. Small Business Administration loan

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Definitions:

Drug Users

Individuals who consume illegal drugs or misuse prescription medications.

Males

Refers to the male gender or sex, one of the biological categories distinguished by the XY chromosome pair, reproductive anatomy, and secondary sexual characteristics.

Gender Gap

The disparity between men and women in various aspects such as wages, employment, education, and political representation.

Developing Countries

Nations with a lower level of industrialization, lower living standards, and lower Human Development Index than developed countries.