Question

_____ is when an entrepreneur has a strong savings account that can help to keep personal expenses paid during the time it takes the new business to begin bringing in money.

○ loaning money

○ self - financing

○ asking friends and family

○ investing

Explanation:

The definition describes using personal savings to cover personal expenses while a new business gets established, which matches self-financing. Loaning money involves borrowing, asking friends/family is external support, and investing is putting money into assets for returns, none of which fit the given description.

Answer:

B. Self-financing