Second-Stage Financing Occurs

question 95

Multiple Choice

Second-stage financing occurs:

• A) prior to the initial public offering.
• B) when company founders sell a portion of their shares.
• C) after the best efforts of the underwriters.
• D) when the IPO does not raise sufficient cash.

---

Definitions:

Mollusks

Invertebrate animals with soft, unsegmented bodies, many of which have shells, such as snails and clams.

Largest Brain

Refers to the organism with the largest brain in comparison to its body size or in absolute terms, often associated with high cognitive abilities.

Complex Behavior

Actions or reactions of an organism that are influenced by a combination of genetic, learning, and environmental factors, demonstrating a high level of adaptability or problem-solving.