Bootstrapping Is the Process by Which

question 31

Multiple Choice

Bootstrapping is the process by which

• A) many entrepreneurs raise "seed" money and obtain other resources necessary to start their businesses.
• B) the entrepreneur often fleshes out his or her ideas and makes them operational.
• C) most businesses are started by an entrepreneur.
• D) none of the above.

---

Definitions:

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture, emphasizing the idea that there is no absolute standard of right or wrong across cultures.

Results-Oriented

A focus on achieving specific goals and outcomes, emphasizing performance and accomplishment of targets.

Utilitarian View

An ethical perspective that evaluates actions based on the greatest good for the greatest number of people, emphasizing outcomes and consequences.