Steven and Emily Campbell are planning to open a casual dining restaurant in downtown Akron, Ohio, and need $125,000 to get started. They have $50,000 of their own money, which leaves $75,000
After getting turned down by a couple of banks, they decided to turn to their relatives and acquaintances for help. Fortunately, they were able to raise the money through a gift from Steven's grandfather, a loan from Emily's parents, and a small investment by Steven's best friend in college, Doug. The money that an entrepreneur raises in this manner is referred to as ________.
A) friends and family
B) bootstrapping
C) networking money
D) compassion money
E) legacy money
A
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The days' sales in receivables ratio indicates the number of days it takes to collect the average level of accounts receivable
Indicate whether the statement is true or false
The level of probability that the future economic state of the business will be worse than expected is referred to as _____.
A. business risk B. economic certainty C. business continuity D. business amortization