A business angel is best described in which one of the following statements?
A.
A wealthy individual, generally with substantial business and entrepreneurial experience, who invests primarily in start-up, early stage or expanding firms
B.
A friendly firm which agrees to a merger with a company so that another firm cannot take control of that company
C.
A person with an extensive knowledge of business who is hired for the purpose of taking control of a firm in very poor circumstances
D.
A philanthropic benefactor of a firm who supports the firm with cash injections to enable it to pursue goals other than shareholder wealth maximization
Chosen Answer:
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