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In Addition to a Statement of Financial Position and a Statement

question 36

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In addition to a Statement of Financial Position and a Statement of Activities,a private college or university is required to present:


Definitions:

IT Components

Fundamental parts or elements that make up information technology systems, such as hardware, software, and networks.

IT Platform

An IT platform is a comprehensive set of hardware, software, and support infrastructure that enables development, delivery, and management of digital applications and services.

Data

Facts and statistics collected together for reference or analysis, often used as the basis for making decisions or informing strategies.

Information

Data that has been processed, organized, or structured in a way that adds meaning or context, making it useful for decision-making.

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