Question

_____ is when an entrepreneur takes money from a savings account to finance a new business.

○ asking friends and family

○ loaning money

○ investing

○ self - financing

Explanation:

• "Asking friends and family" refers to seeking external funds from personal contacts, not using personal savings.
• "Loaning money" is when someone lends funds to another party, not using one's own savings for their business.
• "Investing" typically involves putting money into assets or ventures for returns, not specifically using personal savings to fund one's own new business.
• "Self-financing" directly describes using one's own personal funds (like money from a savings account) to start or fund a business.

Answer:

D. Self-financing