Question

Assets are defined as:

a) Building blocks of your data governance initiative
b) Represent the structural concepts of the operating model
c) Are grouped together according to their function, project or knowledge area
d) Represent the organizational concepts of the operating model

Answer 1

Assets are items of value that a firm or an individual owns. They can include physical, financial, or intangible assets. Assets are listed on a firm's balance sheet and are important for generating income and increasing net worth.

Step-by-step explanation:

Assets are defined as items of value that a firm or an individual owns. They can include physical assets such as buildings or equipment, financial assets such as stocks or bonds, or intangible assets such as patents or trademarks. Assets are listed on a firm's balance sheet, which is an accounting tool that shows a company's financial position by listing its assets and liabilities.

For example, if a company owns a factory, the factory would be considered an asset. If an individual owns stocks and bonds, those would be considered financial assets. Intangible assets such as patents or trademarks can also be valuable assets for a company.

Assets are important because they represent value and can be used to generate income or increase a company's net worth. They can also be used as collateral for loans or as a bargaining chip in business transactions.