Hardware Is Often the Most Valuable Asset Possessed by an Organization

question 15

True/False

Hardware is often the most valuable asset possessed by an organization, and it is the main target of intentional attacks.

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Definitions:

Accounts Payable

Amounts owed to creditors that result from the purchase of goods or services on account—a liability.

Source Documents

Documents that provide evidence of a business's transactions, such as invoices, contracts, or receipts.

General Journal Entries

The records of financial transactions in the chronological order in which they occur, used as a preliminary step in building the company's financial statements.

Raw Materials

The basic materials that are used in the manufacturing process to create finished goods.