Erin Is a Shareholder in African Adventures

question 12

Multiple Choice

Erin is a shareholder in African Adventures.As a shareholder,Erin

• A)owns shares of stock in African Adventures.
• B)is the founder of African Adventures.
• C)has no say in the election of African Adventure's board of directors.
• D)is liable for all the debts of African Adventures.

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Definitions:

Crowdfunders

Individuals or entities that contribute financial resources to projects or ventures through crowdfunding platforms.

Bootstrapping Strategy

A self-funding approach where a startup or project is funded by the founders' personal finances or generated revenue rather than external investors.

Sweat Equity

The non-monetary contribution, such as time, effort, and labor, that founders or employees provide to increase the value of a startup or business.

Software Application

A program or set of programs designed to perform a group of coordinated functions, tasks, or activities for the benefit of the user.