E2

Question 8 (1 point) "IPO" is when... O a company defaults on a bank loan. Oa company signs a contract with a venture capitalist. O a company decides to sell stock to the general public for the first time. O'a company buys its own stock back from one of its investors. Question 9 (1 point) Which of the following scenarios describes a start-up owner financing their business using personal assets? Peter gets a bank loan so he can pay his workers during the first month his comic book store is open. Mark sells his second car to get the money he needs to buy retail space for his ice cream shop. Pearl convinces her parents to invest in her custom sock business in exchange for a 30% share of the company. O Sharon launches a Kickstarter campaign to get the funds she needs to pay for the first batch of the organic honey product she will sell