________ financing involves using any possible methods for conserving cash.
A) Bootstrap
B) SBIR
C) Private placement
D) Floor planning

Question

Quizplus · Accepted Answer

Bootstrap financing involves using all possible methods to conserve cash, such as controlling expenses, delaying expenses, seeking favorable payment terms, and finding ways to generate revenue without spending much money. This method is particularly useful for small businesses and startups that do not have access to significant external funding sources. SBIR, private placement, and floor planning are specific types of financing methods that may not be applicable or available for all businesses.

________ Financing Involves Using Any Possible Methods for Conserving Cash