The Following Tactics Represent Bootstrapping Except

question 53

Multiple Choice

The following tactics represent bootstrapping except

• A) leasing instead of buying
• B) utilizing "just in time" inventory strategy
• C) "floating" checks
• D) collecting money owed the firm before having to pay its bills

Know the mechanisms of international payment and credit systems.

Identify tax havens and understand their impact on business and investments.

Understand the role and recording process of special journals in financial transactions.

Recognize the purpose and structure of subsidiary ledgers and their relationship with the general ledger.