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Study Questions 9 Instructions Save the file in your Finance folder, and name it with Study, the section number, and your first initial and last name. For example, Jessie Robinson's study questions for Section 1 would be named Study1JRobinson. Answer the questions for each lesson on the same day that you read the lesson. Save the file before closing it each day. Then turn in your answers to the study questions at the end of the section. Review Lesson 4 of the Course Overview for instructions about turning in your study questions. Section 9 Study Questions (6.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. What is an angel investor? (0.5 points) Angel investors are people who provide money to a business in exchange for debt or equity. 2. What is the difference between startup costs and operating costs? (1.0 points) Startup costs are the costs of starting up a business and keeping it going until it can pay for itself while Operating expenses are the costs of running a business. They include both fixed and variable costs that occur
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