Quiz on Sources of Acquiring Resources

Bootstrapping

Initial Public Offering

Barter

Contract Labour

To outsource operations

To establish a partnership

To hire temporary staff

To raise money from a large group of people

Forming a joint venture

Hiring contract workers

Using only existing resources

Using external loans

A type of debt financing

A way to hire temporary staff

A combination of two or more parties for profit

A method of outsourcing

Owner's personal equity

Personal savings

Family and friends

Bank loans

No need for a business plan

Higher interest rates

Faster approval process

Cheaper and more lenient repayment

Establishing a partnership

Raising capital through stock sales

Subcontracting operations to independent suppliers

Hiring permanent employees

To use borrowed funds for investment

To raise capital through debt

To trade goods and services

To reduce costs by hiring temporary staff

Is only available for permanent positions

Works for an indefinite period

Can be temporary or part-time

Always requires a full-time commitment

Faster access to funds

Lower interest rates

Loss of control over the business

No repayment required