PartA Directions: Readthefollowingthreetexts.AnswerthequestionsoneachtextbychoosingA,B,CorD.Markyouranswerson ANSWERSHEET1. Text1 Bumrateisthespeedatwhichastartupbusinessconsumesmoney.Myratewouldbe$50,000amonthwhenmy newmediacompanystarted.So,Ibeganlookingaroundforindividualswhowouldbemyfirstinvestors.“Angelmoney”itwascalled.ButwhenIreviewedmylistofacquaintancestofindthosewhomightbeabletohelp,Ifoundthenum bergotsmall. Withnootherchoices,Ibeganmeetingwiththeventure-capitalcompanies.ButIwaswarnedtheytookahugeshareofyourcompanyforthemoneytheyputin.Andifyou struggled,theycoulddropyoucold. AsIwassearchingfor“angelmoney”,IstartedtobuildateamwhotrustedmeeventhoughIdidn'thavemoneyforpaychecksyet. BillBeckerwasanexpertincomputerprogrammingandimageprocessingataveryfamousMediaLabatM.I.T. Withhisarrival,mycompanysuddenlyhadamajortechnology“guy”in-house. KatherineHenderson,afilmmakerandaformerreal-estatedealer,joinedusasourdirectorofmarketresearch.SteveWhitecameonasoperatingofficer.Hehadworked forthedeveloperofahome-financesoftware,Quicken.Wegrabbedhim. Wehadsomereallygoodpeople,butwestilldidn'thaveenoughmoney.Onenight,myneighbor,LouiseJohnson, cameforavisit.SheandIwereonlynoddingacquaintances,butherboysandourswereconstantcompanions. Sheranaverygoodbusinessatthetime. Louisewasbrilliantandmissednothing.Shehadbeenwatchingmyprogressclosely.SheknewIwasdying formoneyandIhadprospectsbutcouldoffernoguaranteesofsuccess. Shetoldmethatherattorneyhadtalkedtomineandthetermshadbeenagreedupon.Shehandedmeanenvelope. Insidewasacheckfor$500,000. Ialmostfelldown.Iheardhervoiceasiffromheaven. “Ihaveconfidenceinyourplan,”shesaid.“You'11dowell.You'regoingtoworkhardforit,butit'ssatisfyingwhenyoubuildyourowncompany.” WhowouldhavethoughtI'dfindanangelsoclosetohome?Therewerenowordssufficientforthemoment.Wejustsaidgoodnight.SheleftandIjuststoodthere,completely humbledandcompletelycommitted. 46.Foranewly-establishedbusiness,bumraterefersto___________. [A]thesalaryitpaystoitsstaff [B]theinterestitpaystothebank [C]thewayinwhichitraisescapital [D]thespeedatwhichitspendsmoney