Which of the following statements is true about startup capital? startup capital is the money you invest in the form of supplies, marketing, legal services, and other investments to get your business up and running. startup capital is the money you spend in order to create a balanced budget for your personal finances. both a and b

Only the first statement is true. "Startup capital" is merely defined as the financial resources invested in a business in order to get the business started, hence the term startup. Money spent for the purposes of balancing personal finances is nonessential to the initiation of a new business's activities, and thus can not be considered startup capital.

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