An underwriting in which the issuer accepts the financial responsibility for any unsold shares after the underwriters have tried to sell those shares to the public is called a _____ underwriting. Select one: a. syndicated b. firm commitment c. private d. best efforts e. Dutch Auction

Which one of the following statements concerning venture capital is correct?

Select one:

a.

Venture capitalists tend to be long-term investors in a firm.

b.

Venture capital is relatively easy to obtain for most new firms.

c.

The financial status of a venture capitalist is an important consideration when seeking funding.

d.

Venture capitalists rarely, if ever, get involved with the daily operations of a firm.

e.

Venture capitalists tend to be generalists who become involved with diverse industries.