McDonald Suggested Four Characteristics Necessary to Be Considered a Professional

question 23

Essay

McDonald suggested four characteristics necessary to be considered a professional.Revise each statement below to more appropriately reflect one of those characteristics; indicate the relevant characteristic in the space provided.

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Definitions:

Product

An item, system, or service created through a process and offered in the market to satisfy the needs or wants of consumers.

Equity Crowdfunding

A method of raising capital through the sale of small equity stakes in a business to a large number of investors via online platforms.

Formal Investment

The act of putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit, typically through an official or regulated framework.

Bootstrapping

Starting a business with minimal financial resources and relying on one's own efforts and funds rather than seeking significant external funding.