Complete the Following Statements

question 5

Short Answer

Complete the following statements.
One of the major disadvantages of the emergent approach is that it can be difficult to explain your ______ to other people, including potential financiers and partners. This may be appropriate for some kinds of venture, including those that are less ______ and more ______.

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Definitions:

Accounting Period

A specific time period during which financial transactions are recorded and financial statements are prepared.

Current Assets

Assets expected to be converted into cash, sold, or consumed within a year or the operating cycle, whichever is longer.

Current Liabilities

Short-term financial obligations due within one year or within the normal operating cycle of the business, whichever is longer.

Current Ratio

The current ratio is a financial metric that measures a company's ability to pay short-term obligations with its short-term assets.