ENTREPRENEURIAL FINANCE
SOURCES OF FUNDING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the statements about retained profits is false?
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You have unlimited amounts of money available
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Shareholders and employees could be frustrated because there is less profit to be ‘shared out’
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You do not have to pay interest
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You are free to use it for any purpose
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Explanation:
Detailed explanation-1: -Fixed assets are not a source of finance for a company.
Detailed explanation-2: -Best Common Sources of Financing Your Business or Startup are: Personal Investment or Personal Savings. Venture Capital. Business Angels.
Detailed explanation-3: -The correct answer is investment, financing, and asset management.
There is 1 question to complete.