A venture capitalist

• A. a government grant administrator
• B. a bank loan officer
• C. an employee
• D. is anyone who invests in, or financially sponsors, a new business.

Answer: (D)

Venture capitalists are investors who provide funding to early-stage or high-growth startups in exchange for equity, taking on significant risk in the hope of substantial returns. This matches the idea of someone who “invests in, or financially sponsors, a new business.” The other roles involve different forms of funding or labor: a government grant administrator manages grant programs rather than investing for equity; a bank loan officer offers loans that must be repaid with interest (debt financing, not ownership); an employee is someone who works for the business, not an investor. So the best fit is the one who financially supports a new venture through investment.