Crowdfunding is best defined as:

• A. Crowdsurfing
• B. Raising funds from a broad group of people
• C. Crowdfunding as a marketing tactic
• D. Using a single donor

Answer: (B)

Crowdfunding means raising funds from a broad group of people, usually through online platforms, where many supporters contribute small amounts rather than relying on a single donor. This broad-based model relies on social networks, transparency, and regular updates to build trust and momentum so the project can reach its funding goal. Crowdsurfing is a different concept entirely—a physical act of being passed overhead by a crowd. Crowdfunding can produce marketing benefits, but that’s a consequence, not the definition. And using a single donor contradicts the essence of crowdfunding, which is broad participation from many people.