Which of the Following Would Be Most Appropriate to Present

question 53

Multiple Choice

Which of the following would be most appropriate to present in an application for angel funding?

• A)concept plan
• B)feasibility plan
• C)pitch deck
• D)business model

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Definitions:

Agency

A relationship between two parties in which one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.

Agreement

One of the four elements necessary for a contract; consists of an offer made by one party, the offeror, and the acceptance of the offer by another party, the offeree.

Agent

Describes a person or entity authorized to act on behalf of another, known as the principal, in dealings with third parties.

Principal

In a contractual or fiduciary relationship, the principal is the party who authorizes an agent to act on their behalf.