Which of the Following Was Not Identified in the Textbook

question 40

Multiple Choice

Which of the following was not identified in the textbook as a common (and sound) bootstrapping strategy?

• A) coordinate purchases with other businesses
• B) hire interns
• C) minimize personal expenses
• D) buy rather than lease equipment
• E) obtain payments in advance from customers

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Definitions:

Market System

A market mechanism where the allocation of resources for investment, production, and distribution is driven by the forces of supply and demand, with the pricing of goods and services set freely within the market.

Minimize Cost

The process of finding the most efficient level of production, where the combination of inputs results in the lowest possible cost.

Unit of Output

The basic measure of productivity or product which is generated by a production process, operation, or project.

Competitive Market Economy

A system where market forces govern the production, distribution, and pricing of goods and services, featuring many buyers and sellers and free entry and exit from the market.