An Entity Is a Person, Place, Thing, or Event About

question 95

True/False

An entity is a person, place, thing, or event about which information is maintained.

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Definitions:

Good Faith Purchaser

An individual who buys property without knowledge of any previous claims, fraud, or problems associated with it, thus protected by law.

Computer Sales & Repair (CSR)

Businesses focused on selling computer hardware and software, as well as providing repair and maintenance services for computer systems.

Risk Of Loss

The potential that an asset or investment will decrease in value or become entirely worthless.

Passage Of Title

The transfer of ownership rights from the seller to the buyer in a transaction.