Financial Flexibility Is

question 26

Multiple Choice

Financial flexibility is

• A)a good indicator of a company's ability to grow through operations.
• B)evident when a company's assets are greater than its liabilities.
• C)the ability to convert existing assets into money.
• D)the ability to generate cash from sources other than regular operations.

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Definitions:

Consumer Reporting Agency

is an organization that compiles and provides consumer credit information to entities like creditors, employers, and landlords, impacting decisions on lending, employment, and housing.

Obsolete Information

Information that is no longer relevant or useful due to changes in technology, knowledge, or societal norms.

Truth In Lending Act

A U.S. law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Terminate Credit Plan

The process of ending a credit agreement, closing the account, and settling any outstanding debts.