Assets are the resources that a corporation owns or manages and which are anticipated to be beneficial in the future.
More about assets:
A useful resource that a company owns or rent and that helps to run your business is referred to as an asset in the business world. Intangible assets like goodwill, reputation, and brand recognition can also be used as resources, in addition to tangible things like computers and small sums of money.
Assets are resources that can be used to produce value, be sold, or be converted into cash in accounting. Examples include your inventory, bank account balances, accounts receivable, pre-paid expenses, etc.
Assets can typically be divided into categories based on their nature and type based on their physical qualities, such as current assets, fixed assets, tangible assets, and intangible assets, and their ability to be converted into cash.
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Answer:
The idea of rule of law is that once the laws are made, everyone should follow them, both the citizens of the country and the government of the country. ... This is quite important because it means that the government can't do whatever it wants. It has to follow the rules that have been set.
Explanation:
American founding fathers were concerned with the limits of democracy. Their concerns are similar to those of political philosophers such as John Stuart Mill (<em>On Liberty</em>) and Alexis de Tocqueville (<em>Democracy in America</em>). In particular, they were concerned that an excess of democracy would lead to a “tyranny of the majority.”
The tyranny of the majority refers to a situation in democratic rule where a self-interested majority can put their interests above those of the minority. It is an inherent weakness of majority rule and can lead to the oppression of minorities.
Alexander Hamilton wrote to Thomas Jefferson about this worry after The Constitutional Convention in 1787, and the constitution that was drafted reflects these concerns. The Electoral College is partly a safety mechanism to prevent the democratic victory of a tyrannical despot. Other mechanisms introduced were the Bill of Rights and the division of power, which prevents the centralization of all power in one individual, even a democratically elected one.
