An entrepreneur generally does NOT raise funds for which of the following purposes?
Answer & explanation
Correct answer: option 3
Funds are not raised or paying dividends.
Entrepreneur can use the capital raised for a variety of purposes including:
(1) growth and expansion,
(2) retiring existing debt,
(3) corporate marketing and development
(4) acquisition capital.
(1) growth and expansion,
(2) retiring existing debt,
(3) corporate marketing and development
(4) acquisition capital.