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:

Problem/Purpose

Identifies the issue to be addressed or resolved and the intention behind an action or study.

Opportunity

A set of circumstances that makes it possible to do something or for something to happen; potential for advancement or progress.

Proposal

A formal offer or plan put forward for consideration or acceptance, typically in business or academic contexts.

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