Asked by
Sophie Corley
on Dec 06, 2024Verified
The ability of a company to adapt its resources to create change and react to change is called
A) financial flexibility
B) liquidity
C) operating capability
D) resource structure
Financial Flexibility
The ability of an entity to adapt to unforeseen expenses or investment opportunities without significant stress.
Resources
Assets, both tangible and intangible, that are owned or controlled by a business and can produce value.
Adapt
The act of making adjustments or changes in order to better suit a new environment, situation, or set of conditions.
- Comprehend financial flexibility and liquidity and their significance in financial analysis.
Verified Answer
MS
Learning Objectives
- Comprehend financial flexibility and liquidity and their significance in financial analysis.