_____ is an indicator of the business's ability to manage cash flows so that the company has the financial ability to respond appropriately if an unexpected opportunity or problem arises.
A)Liquidity
B)Financial flexibility
C)Financial strength
D)Profitability

Question

Quizplus · Accepted Answer

Financial flexibility refers to a company's ability to manage its cash flows and access capital to respond to unexpected opportunities or problems.

_____ Is an Indicator of the Business's Ability to Manage