The following tactics represent bootstrapping except
A) leasing instead of buying
B) utilizing "just in time" inventory strategy
C) "floating" checks
D) collecting money owed the firm before having to pay its bills

Question

Quizplus · Accepted Answer

"Floating" checks is not an ethical or legal tactic and can result in banking and legal complications. The other choices mentioned (leasing instead of buying, utilizing "just in time" inventory strategy, collecting money owed the firm before having to pay its bills) are examples of bootstrapping and are legitimate tactics for managing cash flow and minimizing expenses in a start-up or small business.

The Following Tactics Represent Bootstrapping Except