What is cloud computing? List the major types of cloud computing services.
What will be an ideal response?
Cloud computing is a phrase used to describe a variety of competing concepts that involve several computers connected through a real-time communication network such as the Internet. In common usage, cloud computing or in the cloud refers to software platforms and infrastructures that are sold as a service remotely via the Internet. Typically, the seller has servers that host products and services from a remote location, thus allowing end users to log onto the network without installing anything.
The major types of cloud computing services are: (1) software as a service (SaaS), (2) platform as a service (PaaS), and (3) infrastructure as a service (IaaS).
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Givenchy and Christian Dior's Dune fragrance are two of the luxury perfume brands that are sometimes diverted from authorized channels for sale at mass-retail outlets. This practice is referred to as:
A) barter. B) switch trading. C) gray market. D) offset. E) dumping.
Which of the following statements is false regarding absorption costing?
A) Variable overhead is treated as a product cost. B) Absorption costing is required for external financial statements prepared in accordance with generally accepted accounting principles (GAAP). C) Fixed manufacturing overhead is treated as a product cost. D) Fixed manufacturing overhead is expensed in the period incurred.
The nominal rate of interest is the actual rate of interest charged by the supplier of funds and paid by demander
Indicate whether the statement is true or false
According to Census Bureau and Federal Reserve surveys, about 50 percent of all new businesses begin with less than ____ in total capital.
A. $1,000 B. $25,000 C. $30,000 D. $50,000 E. $100,000