(2)" Oo oo "When new ventures raise funds, it often takes place In stages since it will minimize transaction costs for the private equity source In stages since milestones will have to be met before future funding is provided Only once since it will minimize transaction costs for the private equity source Only once since it minimizes the risk of funding being unavailable in the future QUESTION 27 What is true about credit risk? (2) It is determined by both subjective and objective criteria and is more important for long-term debt. It is determined by both subjective and objective criteria and is more important for short-term debt. It is determined by only objective criteria and is more important for long-term debt. It is determined by only objective criteria and is more important for short-term debt. O O O O QUESTION 28 Which areas is it common to bootstrap in? (2) "Accounting, marketing, operations, financing" "Financing, employees, marketing, operations" "Operations, overhead, accounting, employees" "Overhead, employees, marketing, operations