Question

several successful business people establish a partnership with each other. they combine their financial resources and use the resultant pool of resources to make equity investments in various high-growth new undertakings. in the context of equity funding, the partnership and the pooled resources of the business people are best described as

Answer 1

The partnership of successful business people pooling resources for equity investments in new ventures is a form of venture capital, where they share risks and responsibilities.

Step-by-step explanation:

The partnership formed by several successful business people who pool their financial resources to make equity investments can be best described as a form of venture capital. In a general partnership, partners share responsibility and the risk associated with running a business, which may include making equity investments in high-growth new ventures.

The pooled resources allow the partners to invest in these companies in exchange for a portion of ownership, or shares, with the expectation that these investments will generate significant returns as the businesses grow.