Thomas Has Started a New Business Venture for Which He

question 61

Multiple Choice

Thomas has started a new business venture for which he has been using highly economical resources,such as the market research data available in public libraries,low-interest funds borrowed from national banks,and equipments hired on lease.This technique used by Thomas to overcome resource constraints in his start-up firm is best known as _____.

• A) caveat emptor
• B) moonlighting
• C) bootstrapping
• D) collective bargaining

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Definitions:

Soviet Union

A socialist state that existed from 1922 to 1991 in Eurasia, officially known as the Union of Soviet Socialist Republics (USSR), which was a federal union of multiple national republics.

Social and Economic Rights

Rights that aim to guarantee individuals access to basic social and economic necessities, including healthcare, education, and adequate living standards.

Operation Dixie

CIO’s largely ineffective post–World War II campaign to unionize southern workers.

Unionize

The process by which workers come together to form a union, a collective organization that represents their interests in negotiations with employers over wages, working conditions, and other employment terms.