Bootstrap Financing Describes Using Internal, and Often Creative, Methods of Financing

question 75

True/False

Bootstrap financing describes using internal, and often creative, methods of financing a company's need for capital.

---

Definitions:

Self-actualization

The act of achieving one's full potential and talents, recognized as an innate motivation or requirement in every individual.

Hierarchy

An arrangement or institution where individuals or sectors are hierarchically positioned above each other based on their level of power or prestige.

Cognitive Needs

Psychological requirements of individuals that drive their desire to acquire knowledge, understanding, and rationality.

Innate Needs

Fundamental psychological or physiological needs that are born with an individual, determining motivations and behaviors.