The Ability of a Company to Adapt Its Resources to Create

question 56

Multiple Choice

The ability of a company to adapt its resources to create change and react to change is called

• A) financial flexibility.
• B) return on investment .
• C) operating capability.
• D) risk .

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Definitions:

Election Day

The designated day when voters cast their ballots to choose their government leaders or decide on public issues.

Purchases Method

An accounting method for consolidating the financial statements of entities when one controls another, focusing on the parent's purchase of the subsidiary.

Office Supplies

Consumable items used in an office for daily operations, such as pens, paper, and staplers.

General Fund

The main operating fund of a government, covering general expenses not accounted for by specific funds.