While Technology Can Be Used to Execute Processes, Capture and Store

question 40

True/False

While technology can be used to execute processes, capture and store process data, and monitor process performance, these things cannot be fully automated yet.

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Definitions:

Denial

The refusal to admit the truth or reality of something, often as a defense mechanism.

Perfection

The series of legal steps a secured party takes to protect its right in collateral from other creditors that want to have their debts returned through the same collateral.

Possession

The act of having or holding property in one's control; this can range from ownership of land to possession of items or goods.

Security Agreement

An agreement in which a debtor gives a secured interest to a secured party.