Long-Lived Assets Include Only the Tangible Assets of an Organization

question 115

True/False

Long-lived assets include only the tangible assets of an organization.

---

Definitions:

Utility Computing

A service provision model in which computing resources, such as processing power and storage, are rented on an as-needed basis.

Flat Rate

A pricing strategy where a single fixed fee is charged for a service, regardless of usage or time.

Stand-alone PCs

Personal computers designed to operate independently without requiring a connection to a network or other external devices.

Cloud Computing

The delivery of different services through the Internet, including data storage, servers, databases, networking, and software.