You Are Trying to Convince Someone to Invest in a New

question 38

Multiple Choice

You are trying to convince someone to invest in a new venture because "everyone is doing it." What should you do to maximize your influence attempt?

• A) Show potential investors a list of the other people investing in your business.
• B) Obtain testimonials from people who have previously invested in your businesses.
• C) Show potential investors how much money others have earned by investing in your businesses.
• D) All of the above.

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Definitions:

Giving Life Cycle

Stages through which an individual or entity passes as they become aware of, decide upon, and engage in philanthropic giving.

Charitable Remainder Trusts

A type of trust that provides a donor with income for a period of time, with the remaining assets going to charity upon the trust's termination.

Operating Expenses

The costs associated with the day-to-day functioning of a business or organization, not including the cost of goods sold.

Hyperagency

A state or condition characterized by an exaggerated emphasis on individual agency or the capacity to act independently and make free choices, potentially neglecting broader systemic or structural influences.