Which of the following terms best represents something a business owns that has economic value or is expected to have economic value in the future?

Question

Quizplus · Accepted Answer

An asset is something that a business owns and has value. It can be physical (e.g. equipment, buildings) or non-physical (e.g. patents, trademarks). Revolving credit refers to a line of credit that a business can borrow against and pay back as needed. Cash flow refers to the amount of cash a business brings in and spends over a period of time. Synergy refers to the idea that the combined efforts of individuals working together can be greater than the sum of their individual efforts.

Which of the Following Terms Best Represents Something a Business