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Which one of the following statements is NOT true? A. The seed money is spent on developing an initial public offering. B. Most businesses are

Which one of the following statements is NOT true?

A.

The seed money is spent on developing an initial public offering.

B.

Most businesses are started by an entrepreneur who has a vision for a new business or product and a passionate belief in the concept's viability.

C.

The process by which many entrepreneurs raise seed money and obtain other resources necessary to start their businesses is often called bootstrapping.

D.

The initial seed money usually comes from the entrepreneur or other founders.

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