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Employees, at their own initiative, can go to SocialText or Google Sites and set up a wiki, WordPress to start blogging, or subscribe to a SaaS offering like SalesForce.com, all without corporate oversight and approval. This _____ of technology is one of the challenges associated with the adoption of SaaS models.
Balance Sheet
A financial statement that provides a snapshot of a company's financial position, showing assets, liabilities, and equity as of a specific date.
Current Liabilities
Short-term financial obligations that are due within one year or within the current business cycle, whichever is longer.
Obligations
Responsibilities or duties to fulfill terms of contracts, loans, and legal agreements.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle, whichever is longer.
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