Examlex
Which of the following explanations has the most logical strength?
GAAP
Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any given jurisdiction, often serving as the foundation for financial reporting.
Financial Flexibility
The ability of an organization to maneuver its financial resources to respond to unforeseen opportunities or challenges.
Return on Investment
Return on Investment (ROI) measures the gain or loss generated from an investment relative to its cost, indicating the efficiency of the investment.
Cash Flows
The total amount of money being transferred in and out of a business, especially affecting its liquidity.
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