________ refers to the ease with which a firm is able to tap-in to sources of capital.
A)Shareholder control
B)Financial flexibility
C)Risk and timing
D)Impact and cost

Question

Quizplus · Accepted Answer

Financial flexibility refers to a firm's ability to access sources of capital easily. This includes the ability to obtain loans, issue bonds or shares, or access lines of credit. Financial flexibility is critical for a firm to be able to respond to changing market conditions, invest in growth opportunities or withstand economic fluctuations. Therefore, the ease of tapping into sources of capital is related to financial flexibility.

________ Refers to the Ease with Which a Firm Is