Which of the Following Is an Advantage of Bootstrapping

question 39

Multiple Choice

Which of the following is an advantage of bootstrapping?

• A)You can expand your business faster.
• B)You will avoid the risk.
• C)Angel investors and VCs are more likely to fund you if you have bootstrapped.
• D)You can rely on your own judgment and advice.

---

Definitions:

Enforceable Accord

An agreement that is legally binding and can be upheld in court.

Consideration

Something of value that is given by both parties to a contract as the agreed-upon price or exchange for the contractual promises.

Valid Consideration

An essential element of a contract, which constitutes something of value exchanged between the contracting parties.

Forbearance

Forbearance is the action of refraining from enforcing a right, obligation, or debt in a legal agreement, usually as an act of leniency by the creditor.