Which statement of the following is NOT a characteristic of internal financing（）
A. No collateral is needed
B. The amount of financing sourced is low to medium
C. The cost of capital is high
D. One example of internal financing is retained earnings
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In which stage the venture progresses from an idea to a promising business opportunity（）
A. Development stage
B. Early growth stage
C. Startup stage
D. Expansion stage
Which of the following could NOT be the source for financial needs in the development stage（）
A. Stock exchange
B. Family and friends
Crowdfunding
D. Angel investors
Entrepreneurial firms have important influence on（）
A. economic growth
B. employment in a society
C. innovation in an economy
D. socio-cultural development in a society
What are the responsibilities of entrepreneurs（）
A. Perceive an opportunity to create value by redeploying society’s resources
B. Devise a strategy for relocating and control of the necessary resources
C. Implement a plan of action to bring about the change
D. Havest the rewards that accrue from the innovation
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