IT Professionals Work Hard to Protect Key Characteristics of an Asset

question 232

True/False

IT professionals work hard to protect key characteristics of an asset from security breaches. One of these characteristics is flexibility, or the property that data is accessible and modifiable when needed by those authorized to do so.

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Definitions:

Resource Prices

Costs associated with the inputs used in the production of goods and services, such as materials and labor.

Economic Profits

represent the difference between a firm's total revenues and its total costs, including both explicit and implicit costs, reflecting excess earnings over opportunity costs.

Purely Competitive

Describes a market structure characterized by many sellers and buyers, where no single entity has the power to influence the market price.

Positive Economic Profits

Profits that exceed the opportunity costs of a production enterprise, indicating a more favorable outcome than alternative investments.