_____ refers to something the 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 that has an economic value. This can include physical items like equipment or property, as well as intangible items like intellectual property or goodwill. Assets are important in business because they can be used to generate revenue or be sold for profit.

_____ Refers to Something the Business Owns That Has Economic