What is the difference between the aggressive and conservative financing models?

100 – 150 words answering each of the following questions…Questions 1What is zero working capital? How would you define zero working capital? When would this be used? Would this model be applicable to all organizations? Explain your answer.Questions 2What is an asset? What is a liability? What is the difference between them? Can an organization operate without current liabilities? Explain your answer.Question #3Define the factoring of accounts receivables. How does factoring affect cash management? Explain the difference between factoring and accounts receivable financing.Question #4What is an aggressive financing strategy? What are components of aggressive finance strategies? What is the difference between the aggressive and conservative financing models? Under what circumstances would you use either model?