The correct definition of an asset is B. An asset is a resource that a business owns or controls.
<h3>What is an Asset?</h3>
This refers to the commodity that a person owns that generates money over a period of time.
Hence, we can see that from the given answer choices, there are different definitions, but the correct definition is found in option A because it states that it is a resource that a business owns or controls.
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Answer:
<em>Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.</em>
Answer:
national security of the United States
Explanation:
In the case when the U.S firms, their foreign subsidiaries that have taken the license of United states to not sell the products to a country in which the considered thing is sale due to which it impact the united stated national security as these trade could be prevented because of the concern related to the national security
hence, the above is the correct option
Thus, the same is to be considered
Explanation:
To formulate the LP model for this problem,
Let,
<em>X1 = Number of beds to produce</em>
<em>X2 = Number of Desks to produce</em>
Our objective function:
Max: 30X1 + 40X2
Constraints:
- 6X1 + 4X2 ≤ 36 available carpentry hours
- 4X1 + 8X2 ≤ 40 available vanishing hours
- X2 ≤ 8 (demand for X2)
- X1, X2 ≥0
Based on the constraints information as well as the objective function you can then solve using the graphical method.