Question
Question 16 All of the following are major sources of capital for SMEs, except: Owners' funds and funds from Family and friends Public share issue Business angels and crowdfunding Leasing and overdrafts
Answer
4.6
(250 Votes)
Alden
Elite · Tutor for 8 years
Answer
Public share issue
Explanation
## Step1: The question is asking about the major sources of capital for Small and Medium Enterprises (also known as SMEs). The sources of capital listed include Owners' funds and funds from family and friends, Public share Issue, Business angels, and crowdfunding, as well as Leasing and overdrafts. ## Step2: All the listed options and sources are generally recognized ways through which SMEs can gain capital ## Step 3: However, "Public share issue" which is usually associated with larger corporations, not SMEs as it requires considerable administration, a high level of regulation, and substantial costs.