.Which of the following was not listed as a typical bootstrapping technique? a. Coordinate procurement with other companies b. Employ interns c. Reduce personal expenditures d. Purchasing rather than leasing facilities

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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1.Which of the following was not listed as a typical bootstrapping technique?
a. Coordinate procurement with other companies
b. Employ interns
c. Reduce personal expenditures
d. Purchasing rather than leasing facilities

2.Which of the following was one of the most important intellectual property mistakes made by entrepreneurs?
a. Not properly registering their internet domain names
b. Not using their intellectual property as part of their overall plan for success
c. Not properly identifying all their intellectual property
d. Not fully recognizing the value of their intellectual property

3.Many entrepreneurs tackle the challenge of raising capital in a haphazard manner because:
a. they are inexperienced in this area, and they are unsure of their options.
b. they haven’t finished a feasibility study or a business plan yet.
c. they are focused on the nuts and bolts of starting their business.
d. they are cautious about raising money, and they haven't written a business plan.

4.Typically, the seed money that gets a business off the ground comes from:
a. angel investors
b. commercial banks
c. the company's founders
d. venture capitalists

5._______are identical to ordinary trademarks, but they are used to define a company's services or intangible operations rather than a business’s physical object.
a. Service marks
b. Examination marks
c. Creative marks
d. Intangible marks

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