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Bootstrapping: Definition, Method, Techniques & Example

Instructions:

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question 1 of 3

What is bootstrapping used for?

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1. What are the two methods of bootstrapping?

2. When is bootstrapping used?

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About This Quiz & Worksheet

What is meant by 'bootstrapping' and in what ways can businesses employ techniques to help with their start-up or existing operations? You will need to be familiar with bootstrapping types and methods in order to successfully answer the questions on this quiz/worksheet combo.

Quiz and Worksheet Goals

In these assessments, you'll be tested on:

  • The purpose and methods of bootstrapping
  • When businesses use bootstrapping
  • The types of bootstrapping
  • Bootstrapping for established vs. start-up businesses

Skills Practiced

This worksheet and quiz will allow you to test the following skills:

  • Reading comprehension - ensure that you draw the most important information regarding bootstrapping techniques from the lesson
  • Critical thinking - apply relevant concepts to examine information about business financing in a different light
  • Knowledge application - use your knowledge to answer questions about the reasons why potential or existing business owners might need to employ bootstrapping methods

Additional Learning

To learn more about this subject, review the accompanying lesson called Bootstrapping: Definition, Method, Techniques & Example. This lesson covers the following objectives:

  • Define bootstrapping
  • Discuss the two methods of bootstrapping
  • Detail forms of bootstrapping
  • List reasons why these methods might be used
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