ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ include money or other items of value that people can use to acquire goods and services.
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Capital
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Restitution
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Financial resources
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Assets
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Explanation:
Detailed explanation-1: -An asset is anything of value or a resource of value that can be converted into cash.
Detailed explanation-2: -Academic research shows that, over our lifecycle, we can generate income from three major sources: human capital, social capital and financial capital.
Detailed explanation-3: -So, what is value for money? Value for money has been defined as a utility derived from every purchase or every sum of money spent. Value for money is based not only on the minimum purchase price (economy) but also on the maximum efficiency and effectiveness of the purchase.
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