Money Used or Needed to Set Up a New Business

question 90

Multiple Choice

Money used or needed to set up a new business is ________.

• A) an incubator fund
• B) seed money
• C) an initial public offering
• D) public financing
• E) an advisory board loan

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than its competitors.

Televisions

Electronic devices designed for the reception and display of audiovisual content transmitted over airwaves or through cable systems.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, enabling more efficient trade.

Opportunity Cost

Forgoing potential profits from various options by deciding on a specific alternative.