Straight answer is NO.
However, you can choose to archive this entity by designating its status to Inactive.
Follow these steps to archive the entity;
- Go to General > Overview > Click Edit
- Select Characterization > Entity Status > Select Inactive
- Then click Save
- A pop up display will appear. Click Save if you agree, or Cancel if you disagree. If you choose Cancel, the entity's status will not be updated to Inactive.