One Hurdle That Used to Protect Information from Being Acquired

question 43

Multiple Choice

One hurdle that used to protect information from being acquired easily was that it was unfungible. Unfungible means:

• A) information contained viruses.
• B) information was expensive.
• C) information could only be processed with proper equipment.
• D) information was not for the uninformed.
• E) it was difficult to replace one item with another.

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Definitions:

Increasing Assets

Refers to the growth or escalation in the value of assets owned by a business or individual.

Accrued Expenses

Costs that have been incurred but not yet paid for, recognized under the accrual basis of accounting.

Accounts Receivable

Money owed to a company by its clients or customers for goods or services delivered but not yet paid for.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company’s balance sheet.