When Ben left the corporate rat race to start his own pottery business,he used some of his retirement savings to finance the business.This practice is known as:
A)self-starting.
B)cashing out.
C)bootstrapping.
D)folly.

Question

Quizplus · Accepted Answer

Bootstrapping refers to starting a business with minimal external funding, often relying on personal savings or resources. In this case, Ben used his retirement savings to finance his pottery business. The other options, self-starting and folly, do not accurately describe this situation, and cashing out suggests that Ben withdrew all of his retirement savings instead of just using a portion to invest in his business.

When Ben Left the Corporate Rat Race to Start His