Assets Are the Resources a Company Owns or Controls That

question 103

True/False

Assets are the resources a company owns or controls that are expected to yield future benefits.

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Definitions:

Cloud Storage

A service model in which data is transmitted and stored on remote storage systems, accessible from any internet-connected device.

Storing Data

The process of saving data in a persistent storage medium, such as a hard drive, SSD, or cloud storage, so it can be retrieved and used later.

Hard Disk

A data storage device used for storing and retrieving digital information, using magnetic storage to store vast amounts of data persistently.

Input Device

Hardware used to provide data and control signals to an information processing system such as a computer. Examples include keyboards, mice, and scanners.