List three key characteristics of bootstrapping.
What will be an ideal response?
A. Has little or no equity give-up.
B. Is faster than waiting for banks or investors to make funding decisions.
C. Shows commitment to future investors.
D. Creates positive pressure to succeed as their own money is invested.
E. Makes the venture more lean by purchasing and financing only what is strictly needed.
F. Forces entrepreneurs to focus on revenue early on.
G. Offers total control and flexibility, allowing decisions to be made quickly
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Which one of the following financial statements reports an entity's financial position at a specific date?
a. Balance sheet b. Statement of retained earnings c. Income statement d. Both the income statement and the balance sheet
An electrical power system consists of four major components with reliabilities of 0.99, 0.94, 0.92, and 0.95. In order to improve the reliability, a backup component of reliability 0.92 is added to Component 3. Compute and indicate the composite reliability of Component 3.
A. 0.89 B. 0.99 C. 0.98 D. 0.92
The ________ Act of 2003 permits consumers to place fraud alerts in their credit files
A) Fair Debt Collection Practices B) Fair Credit Billing C) Fair and Accurate Credit Transactions D) Fair Credit Reporting
The family of standards for quality management systems established by the International Organization for Standardization is ________.
A. ISO9000 B. ISO8800 C. ISO2008 D. ISO14000