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The illustrated bone is the _____?
Definition Of An Element
In accounting, an element refers to the essential categories into which all financial transactions can be classified, such as assets, liabilities, equity, revenue, and expenses.
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.
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