Asked by pholosho-R tshivhula on May 20, 2024
Verified
One lesson of business:
A) is tracing the consequences of a policy.
B) promoting a policy change to eradicate inefficiencies.
C) moving assets from lower to higher value uses,thereby creating wealth.
D) None of the above
Creating Wealth
The process of generating assets and value through various means such as investment, innovation, or entrepreneurship, leading to financial growth.
Business
An organization or enterprising entity engaged in commercial, industrial, or professional activities.
- Acquire knowledge about the conditions that facilitate the production of wealth or surplus via transactions.
Verified Answer
MB
marie barholereMay 21, 2024
Final Answer :
C
Explanation :
Moving assets from lower to higher value uses is a fundamental lesson of business, as it involves reallocating resources in a way that maximizes their value, thereby creating wealth. This principle underlies many strategic business decisions and is a key aspect of economic efficiency and growth.
Learning Objectives
- Acquire knowledge about the conditions that facilitate the production of wealth or surplus via transactions.