All of the Following Statements Are Correct Except

question 7

Multiple Choice

All of the following statements are correct except:

• A)Venture capitalists usually are members of partnerships that consist of a few general partners.
• B)The typical venture capital partnership manages between $50 million and $100 million in assets.
• C)It is common to organize a venture capital fund as a limited partnership in which the venture capitalist is the general partner and the other investors are limited investors.
• D)At the end of a fund's life, cash and securities are distributed to the investors.
• E)All of the above statements are correct.

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Definitions:

Raise Money

The act of gathering funds from various sources for the purpose of financing a project, venture, or organization.

Protect the Public

Measures, laws, or actions taken to safeguard the welfare and safety of the general public, typically in the context of health, safety, and security.

Payments

The act of transferring money or other consideration from one party to another as fulfillment of an obligation or purchase.

Divisible Contract

An agreement comprising multiple promises or parts that can be separated and independently executed or enforced.