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Choose the best answer.

The Google Docs program is a great example of a(n) _____ as it allows businesses to collaborate on document creation electronically and in real time.

software support system

information support

fundraising support

none of these



Choose the best answer.

_____ is the practice of utilizing the internet to obtain business or project financing from a large number of people.

Net-financing

Crowdfunding

Crowd financing

Finance tracking



3) Choose the best answer.

What is an investment from a large number of individuals in the early stages of a startup in exchange for shares of the company?

finance crowdfunding

equity crowdfunding

startup crowding

equity crowding



4) Choose True or False. If False, choose the statement to make it True.

In business, a support resource is any piece of information, product, or resource that can help a business increase its chances of success.

False; In business, a support resource is any piece of information, product, or resource that can help a business increase its profits.

False; In business, a support resource is any piece of information, product, or resource that can help a business increase its bottom line.

True



5) Choose True or False. If False, choose the statement to make it True.

Today, the internet and its resources have become a chief tool in aiding entrepreneurs, particularly in fundraising.

False; Today, the internet and its resources are not an important tool in aiding entrepreneurs, particularly in fundraising.

True

False; Today, the internet and its resources are a secondary source in aiding entrepreneurs, particularly in fundraising.



6) Choose True or False. If False, choose the statement to make it True.

Entrepreneurs have found that raising small portions of capital from several individuals is far easier than raising lump sums from only a few.

True

False; Entrepreneurs have found that raising money is always difficult, whether large amounts from a few investors, or small amounts from many.

False; Entrepreneurs have found that raising large amounts of money from a few investors is easier than raising small portions of capital from many people.



7) Match the descriptions with the support resource types. Answers may be used more than once.

reading Forbes to study marketing trends

utilizing Intuit Quickbooks Online to track financial data

using Kickstarter to fund a new app startup

subscribing to various business publications such as Bloomberg Business and Wired Magazine to stay up to date on industry trends

crowdfunding

utilizing publications such as Entrepreneur to learn about new startup opportunities

using a task management system like Evernote to keep teams productive

taking advantage of a file-sharing system such as Google Docs so employees can collaborate on documents

using NextSeed to offer equity crowdfunding in a new startup

1 answer

Here are the best answers for each question:

  1. The Google Docs program is a great example of a(n) software support system as it allows businesses to collaborate on document creation electronically and in real time.

  2. Crowdfunding is the practice of utilizing the internet to obtain business or project financing from a large number of people.

  3. An investment from a large number of individuals in the early stages of a startup in exchange for shares of the company is called equity crowdfunding.

  4. True

  5. True

  6. True

  7. Here are the matched descriptions with the support resource types:

  • reading Forbes to study marketing trends: utilizing publications such as Entrepreneur to learn about new startup opportunities
  • utilizing Intuit Quickbooks Online to track financial data: using a task management system like Evernote to keep teams productive
  • using Kickstarter to fund a new app startup: crowdfunding
  • subscribing to various business publications such as Bloomberg Business and Wired Magazine to stay up to date on industry trends: utilizing publications such as Entrepreneur to learn about new startup opportunities
  • utilizing publications such as Entrepreneur to learn about new startup opportunities: utilizing publications such as Entrepreneur to learn about new startup opportunities
  • using a task management system like Evernote to keep teams productive: using a task management system like Evernote to keep teams productive
  • taking advantage of a file-sharing system such as Google Docs so employees can collaborate on documents: taking advantage of a file-sharing system such as Google Docs so employees can collaborate on documents
  • using NextSeed to offer equity crowdfunding in a new startup: crowdfunding

(Each of the descriptions matches back to their respective resource types from the options given. If you need specific pairings, please reformat the list for me to address specific matches.)