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

Question

Quizplus · Accepted Answer

Bootstrapping refers to using all possible methods to conserve cash and avoid external financing. This can include utilizing personal savings, bartering services, using credit cards, and other creative methods to stretch limited resources. It is often the best choice for early-stage startups or businesses with limited funding options. SBIR, private placement, and floor planning are all forms of external financing and do not involve conserving cash.

__________ Financing Involves Using Any Possible Methods for Conserving Cash