Funding a new business with credit cards or a personal line of credit ________
A) is the least expensive form of financing
B) is subject to a lot of bureaucratic procedures
C) involves minimum amount of risk
D) is used by very few entrepreneurs
E) is a widely available form of financing
Answer: E
Explanation: Although they tend to be one of the most expensive forms of financing, credit cards are also widely available and sometimes the only source of funding an entrepreneur has.
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Which of the following statements, regarding International Financial Reporting Standards (IFRS), is correct?
A) International Financial Reporting Standards are issued by the Financial Accounting Standards Board. B) The Securities and Exchange Commission is the private organization that oversees the creation and governance of International Financial Reporting Standards. C) International Financial Reporting Standards represent a set of global accounting standards that are generally more specific and based less on principle than U.S. Generally Accepted Accounting Principles. D) Companies who are incorporated in or do significant business in another country might be required to publish financial statements using International Financial Reporting Standards.
American Apparel is building a global brand on the positioning "Made in Downtown LA."
Indicate whether the statement is true or false