Manage user permissions for multiple accounts - This is correct. Security groups are primarily used to streamline the management of permissions for multiple users or accounts. By adding users to a group, administrators can assign access rights and privileges collectively, rather than individually, making it easier to manage access to resources like files, folders, applications, and network services.
Serve as a classification for unrelated users - Security groups are not just classifications; they are used for managing permissions and access control. Classification without purpose is not their function.
Track individual user activities in the system - Security groups do not track activities. User activity tracking is typically handled by auditing and monitoring tools, not by security groups.
Assign network addresses to devices - Network address assignment is managed by networking tools like DHCP, not by security groups. Security groups are focused on permissions and access management.
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