One major concern that IT managers have about cloud computing is:
A) security.
B) redundancy.
C) ease of use.
D) backward compatibility.
E) overuse.
A
Explanation: A) The primary concern is reliability, but other concerns include security and compliance with government regulations such as Sarbanes-Oxley.
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GAAP for pension plans requires companies with defined benefit pension plans to
A) recognize pension expense based on accrual-basis concepts. B) recognize pension expense as an amount equal to the actual cash paid to retired employees for the current year. C) recognize a pension liability based on the projected benefit obligation concept. D) disclose annual pension cost in a footnote only; pension cost was not required to be reported on the income statement.
When cash collectibility is uncertain, a firm using the ____________________ method recognizes revenue as it collects portions of the selling price in cash
Fill in the blank(s) with correct word
When a company uses a single predetermined overhead rate to assign overhead to production, only one cost pool is used
Indicate whether the statement is true or false
In Italy, it is expected that oral commitments will be honored and signing a contract is a mere formality, reflecting the commitment between business partners
Indicate whether the statement is true or false.