______________ Are Assets That Can Be Seen and Quantified

question 104

Short Answer

______________ are assets that can be seen and quantified.

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Definitions:

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors. This concept is one of the fundamental principles of economics that helps explain the gains from trade.

Absolute Advantage

The capacity for a person, business, or nation to create a product or offer a service with a per-unit expense that's beneath the cost any other party can achieve for that same product or service.

Opportunity Cost

Discarding possible profits from other actions upon committing to one course.

Avatar

A graphical representation of a user or the user's character or persona, commonly used in virtual worlds, online games, and forums.