Question

An approach that state a general description of problem to be addressed or project to be undertaken is

Answer 1

ʜʏ ᴍᴀᴛᴇ ʜᴇʀᴇ ɪs ʏᴏᴜʀ ᴀɴsᴡᴇʀ 
ᴀᴄϙᴜɪʀᴇᴅ ᴏʀ ʀᴇ-ᴀᴄϙᴜɪʀᴇᴅ ɪɴ ᴀ sʜᴏʀᴛ
ᴘᴇʀɪᴏᴅ ᴏғ ᴛɪᴍᴇ ᴡʜᴇɴ ɴᴇᴇᴅᴇᴅ ɪɴ ᴄᴀsʜ. ɪᴛ
ᴜsᴜᴀʟʟʏ ᴇxɪsᴛs ɪɴ ғᴏʀᴍ ᴏғ ᴇᴀsɪʟʏ
ʟɪϙᴜɪᴅᴀᴛᴇᴅ ғᴏʀᴍs ʟɪᴋᴇ ᴄᴀsʜ ᴀɴᴅ ϙᴜɪᴄᴋ
sᴀʟᴇ ᴀssᴇᴛs. ᴛʜᴇ ᴘᴇʀɪᴏᴅ ɪɴ ᴡʜɪᴄʜ ᴛʜᴇsᴇ
ʟᴏᴀɴs ᴄᴀɴ ʙᴇ ʟɪϙᴜɪᴅᴀᴛᴇᴅ ɪs ʟᴇss ᴛʜᴀɴ
ʏᴇᴀʀ. ᴏɴ ᴛʜᴇ ᴏᴛʜᴇʀ ʜᴀɴᴅ, ᴄᴀᴘɪᴛᴀʟ ᴄᴀɴ ʙᴇ
ʟᴏɴɢ ᴛᴇʀᴍ ᴄᴀᴘɪᴛᴀʟ ᴍᴇᴀɴɪɴɢ ᴛʜᴀᴛ ᴛʜᴇʏ
ᴛᴀᴋᴇ ᴀ ʟᴏɴɢᴇʀ ᴛɪᴍᴇ ᴛᴏ ᴍᴀᴛᴜʀᴇ, ᴍᴏsᴛʟʏ
ᴀʀᴇ ᴜsᴇғᴜʟ ғᴏʀ ғᴜᴛᴜʀᴇ ᴘʀᴏᴊᴇᴄᴛs ᴀɴᴅ
ɪɴᴠᴇsᴛᴍᴇɴᴛs.
ᴄᴀᴘɪᴛᴀʟ, ɪɴᴄʟᴜᴅɪɴɢ ᴛʜᴇ ᴀʙᴏᴠᴇ ᴍᴇɴᴛɪᴏɴᴇᴅ
ғᴏʀᴍs ᴏғ ᴄᴀᴘɪᴛᴀʟ, ᴄᴀɴ ᴇɪᴛʜᴇʀ ʙᴇ
ᴏᴡɴᴇʀsʜɪᴘ ᴄᴀᴘɪᴛᴀʟ ᴏʀ ʙᴏʀʀᴏᴡᴇᴅ ᴄᴀᴘɪᴛᴀʟ.
ᴏᴡɴᴇʀsʜɪᴘ ᴄᴀᴘɪᴛᴀʟ ɪs ᴀɴʏ ʀᴇsᴏᴜʀᴄᴇs
ʙʀᴏᴜɢʜᴛ ɪɴ ʙʏ ᴛʜᴇ ᴘᴀʀᴛɴᴇʀs, ᴏᴡɴᴇʀs ᴏғ
ᴛʜᴇ ʙᴜsɪɴᴇss ᴏʀ sʜᴀʀᴇʜᴏʟᴅᴇʀs.
ʙᴏʀʀᴏᴡᴇᴅ ᴄᴀᴘɪᴛᴀʟ, ᴏɴ ᴛʜᴇ ᴏᴛʜᴇʀ ʜᴀɴᴅ ɪs
ᴏɴᴇ ᴛʜᴀᴛ ʜᴀs ʙᴇᴇɴ ᴀᴄϙᴜɪʀᴇᴅ ᴏɴ ʟᴏᴀɴ
ᴀɴᴅ ɪs ᴛᴏ ʙᴇ ᴘᴀɪᴅ ʙᴀᴄᴋ.