Finding a Low-Cost or No-Cost Way of Doing Business Is

question 51

Multiple Choice

Finding a low-cost or no-cost way of doing business is called _____.

• A) moonlighting
• B) bootstrapping
• C) outsourcing
• D) licensing

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Definitions:

Lease

A contractual agreement where one party, the lessor, grants the other party, the lessee, the right to use a property or asset for a specified period in exchange for rental payments.

Preference Shares

Shares of a company's stock with dividends that are paid out to shareholders before common stock dividends are issued.

Common Shares

Equity securities that represent ownership in a corporation, providing voting rights and a share in the company's profits through dividends.

Doctrine of Ultra Vires

A legal principle stating that acts done beyond the scope of power of a corporation or governmental entity are invalid or void.