SuLin is setting up a small construction shop and uses his personal credit card to purchase the company's basic equipment.This process is referred to as which of the following:
A)venture capital
B)credit
C)external funding
D)bootstrapping

Question

Quizplus · Accepted Answer

Bootstrapping refers to starting and growing a business with minimal external capital and relying on personal funds or assets. In this case, SuLin is using his personal credit card to purchase equipment, which is an example of bootstrapping. The other options, venture capital, credit, and external funding, involve obtaining money from outside sources.

SuLin Is Setting Up a Small Construction Shop and Uses