Bill White is starting up a new company. He receives money for his bus

QUESTION

Bill White is starting up a new company. He receives money for his business from some wealthy individuals interested in his business in exchange for some ownership. What is this money known as?

A) venture capital
B) secured bonds
C) public offering
D) indenture terms
E) commercial paper

ANSWER

Answer: A
Explanation: A) Venture capital consists of funds from wealthy individuals and institutions that are invested in promising startups or emerging companies in return for their giving up some ownership.