Question

An organizational resource that is being protected is sometimes logical, such as a Web site, software information, or data. Sometimes the resource is physical, such as a person, computer system, hardware, or other tangible object. Either way, the resource is known as _________.(a)- asset
(b)- property
(c)- both a & b
(d)- none of these

Answer 1

Answer:

The correct answer is letter "A": asset.

Explanation:

An asset is a resource of economic value. Individuals, corporations and countries expect their assets to offer economic benefits both now and in the future. Assets may be tangible, such as equipment and land or intangible, including things such as a chemical formula or property rights.

Assets are vital to the success of a firm because they increase their value and provide the means to generate cash flow.

Answer 2

Answer:

The correct answer is (a)- asset.

Explanation:

An asset is a resource with value that someone owns with the intention of generating a future benefit (whether economic or not). In accounting, it represents all the assets and rights of a company, acquired in the past and with which they hope to obtain future benefits.

They have in common that they are the result of past events and are capable of generating economic returns in the future. All assets have the potential to bring money to the business, whether through use, sale, or exchange. Examples of assets are a premises, a van, a patent, a computer, raw materials, financial investments or collection rights.