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When April is stressed and wants to relax, she has always reached for a glass of wine. However, she wants to break this use of alcohol as a means of relaxation, so she learns stress management techniques and now uses them when she feels stressed. April is using which strategy for breaking a bad habit?
Interest Expense
The cost incurred by an entity for borrowed funds.
Direct Method
In cash flow statement preparation, the Direct Method lists all major operating cash receipts and payments, showing the net cash provided by or used in operating activities.
Financial Flexibility
The ability of a company or individual to adjust its spending and capital allocation in response to changing circumstances and opportunities, ensuring financial stability and the potential for growth.
Liquidity
The capacity of an asset to be rapidly transformed into cash without notably influencing its market value.
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