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Assets Are Economic Resources Controlled by the Entity as a Result

question 42

True/False

Assets are economic resources controlled by the entity as a result of past transactions or events and from which future economic benefits can be obtained.


Definitions:

Trusted Folder

A directory on a computer that is designated as safe, where files and applications are allowed to execute without additional security checks.

Encrypting

The process of converting data or information into a code to prevent unauthorized access, ensuring data privacy and security.

Front-end Database

A user interface or application that allows users to interact with a database directly, often designed for ease of use.

Set Database Password

The process of creating or updating a password to secure access to a database.

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