Validation Determines That the Computer Procedure Is Operating as It

question 35

True/False

Validation determines that the computer procedure is operating as it is intended to operate.

---

Definitions:

Replacement Cost

The cost to replace an asset with another of similar kind and quality at current prices, without deduction for depreciation.

Book Value Per Share

A financial measure that calculates the per share value of a company based on common shareholders' equity in the business.

Assets

Resources owned or controlled by a business, entity, or individual with the expectation that they will provide future economic benefit.

Liabilities

Financial obligations or debts that a company or individual owes, which can include loans, accounts payable, mortgages, and other amounts due to third parties.