Methods of Bootstrap Financing Include ________

question 44

Multiple Choice

Methods of bootstrap financing include ________.

• A) Getting suppliers to extend you credit terms
• B) Using temporary help rather than permanent employees
• C) Working from home or borrowing office space
• D) All of above
• E) None of the above

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Definitions:

Entity

A broad term that can refer to any individual, company, organization, or institution that has a separate legal existence.

Major Line Of Business

The primary area or category of product or service offering that generates the most revenue for a company.

Discontinued Items

Financial reporting of components of an entity that have been disposed of or classified as held for sale.

Reported Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue, as presented in its financial statements.