Discuss what is meant by cloud computing.
What will be an ideal response?
Cloud computing is a computing architecture that uses the Internet and central remote servers to maintain data and applications. To achieve this, a “server cloud,” or group of computers, is operated off-site, and hosted services are then delivered over the Internet to the client organization.
Cloud computing technology allows businesses to use applications without actually having to own the hardware and software. The underlying goal of cloud computing is to reduce software and equipment capital outlays.
Cloud computing technology allows businesses to use applications without having to go through the complex installation process.
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Efficiency ratios are measures of
A) financial flexibility. B) liquidity. C) operating capability. D) leverage.
Kanye from Challenge Appliances went through a training process to learn the importance of respecting individual differences. This is an example of which challenge/opportunity for organizations?
a. Workforce Diversity b. People skills c. Customer service d. Sustainability
Bart owned 100 shares of a stock that was actively traded on a national stock exchange. Bart wanted to sell the shares but felt that his profit would be seriously diminished by selling through a broker and paying the customary brokerage commission. Bart
offered the 100 shares to any of a group of six people in a conversation at a party. The offered price was $72.50 per share, the price at which the shares had closed that day. No one really responded to the offer at that time. Ten days later when the shares were trading at $76.25, Marie, one of the offerees at the party, appeared at Bart's office saying that she accepted the offer. Bart claimed the offer no longer was available. Evaluate the legal outcome of this dispute.
Harold, a financial accountant at an automobile company, is asked to calculate the net income of the company for a given period. He deducts the cost of goods sold from the revenue earned during that period. Before deducting the company's operating expenses from the gross profit, he deducts the rent and the insurance premium paid by the company during that period. In the given scenario, Harold deducted the company's _____ from the company's operating expenses.
A. testamentary expenses B. selling expenses C. administrative expenses D. accrued expenses