Which of the following funding sources is LEAST likely to require a bu

QUESTION

Which of the following funding sources is LEAST likely to require a business plan to make a decision on investing in a proposed business?

A) venture capitalists
B) banks and credit unions
C) friends and associates
D) angel investors
E) peer-to-peer lending groups

ANSWER

Answer: C
Explanation: C) Friends and associates are considered a more informal investor group than the other options. However, to protect their investment—and the relationship—friends and associates may want to review a business plan as well.