Which of the Following Statements Is False

question 28

Multiple Choice

Which of the following statements is false?

• A) A venture capital firm is a limited partnership that specializes in raising money to invest in the private equity of young firms.
• B) Venture capitalists typically control about three-quarters of the seats on a start-up's board of directors, and often represent the single largest voting block on the board.
• C) The initial capital that is required to start a business is usually provided by the entrepreneur herself and her immediate family.
• D) Individual investors who buy equity in small private firms are called angel investors.

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Definitions:

Chart of Accounts

An organized list of all accounts in an entity’s financial system, used for classifying transactions.

Numbering System

A structured method for assigning unique identifiers to items to facilitate organization, tracking, and retrieval.

Identification

The process of recognizing or establishing the identity of a person or thing.

Businesses

Businesses refer to organizations or entities engaged in commercial, industrial, or professional activities, aiming to generate profits.