Define Assets

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter7: Entrepreneurship
Section7.7: The Small Business Administration
Problem 2CC: Describe the financial and management assistance programs offered by the SBA.
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Define Assets

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Assets:

An asset can be termed as a resource with some economic value owned and controlled by an individual or an organization with an expectation that it will provide something in return. An asset can generate cash flow, improve sales, reduce expenses irrespective of the type of industry.

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