When a wealthy individual invests his or her own money into a business project or start-up company with little intention to influence decision making, he or she is MOST often called a(n) ________
A) angel investor
B) venture capitalist
C) financier
D) shadow partner
E) business incubator
A
Explanation: A) By definition, an angel investor is a wealthy individual who invests personal funds into an early-stage company. They tend to fund more projects with lesser amounts of money than venture capitalists. Angel investors hope for an equity return in the future, but are not partners of the company. A financier is a general term that could apply to anyone who deals in large financial operations or investments.
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Which of the following would be used to record the labor cost that is not traceable to a specific job?
A. Manufacturing Overhead would be debited. B. Raw Materials Inventory would be debited. C. Work in Process Inventory would be debited. D. Manufacturing Overhead would be credited.
The distribution activities associated with logistics relate to the ________ aspect of the 4 Ps of the marketing mix.
Fill in the blank(s) with the appropriate word(s).
In 2019, Dargo Inc., a calendar year corporation, accrued a $75,000 year-end bonus payable to its communications director. Dargo and the director are not related parties. Dargo paid the bonus to the director on February 8, 2020. Dargo can deduct the bonus in 2019.
Answer the following statement true (T) or false (F)
What choices does an executor of an estate have in determining the values of assets included in the estate for tax purposes?
What will be an ideal response?