Which of the following statements is not true about cloud computing?
A) It is the fastest-growing form of computing.
B) It removes the concern about data and systems security for businesses.
C) It allows smaller firms to use resources previously unaffordable.
D) It relies on the Internet as the platform for delivering services to users.
E) Charges for cloud resources are based on resources actually used.
B
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For each of the following independent statements, choose the best answer.
A. The entity’s management generally is directed by the controlling document as to the date of the entity’s termination. B. The entity was created by either a decedent or a living person. C. The entity is entitled to a personal exemption of $600. D. A decedent created the entity. E. The entity typically can choose any fiscal tax year. F. The entity has a legal identity separate from its beneficiaries. G. The entity must file an income tax return if its gross income for the year is $600 or more. H. The entity can choose between the cash and accrual methods of reporting its income and deductions. I. Undistributed income is subject to the additional tax on net investment income. J. Distributable net income is used to account for the entity's distributions to its beneficiaries. K. For a calendar year entity, the Form 1041 has an unextended due date of April 15. L. The entity’s AMT preferences and adjustments pass through to the income beneficiaries. M. The entity is controlled by Federal-level probate laws. N. The entity is an information-reporting, not a tax-paying, taxpayer.
Currencies are bought and sold in ________ markets
A) equity B) debt C) derivatives D) foreign exchange
When a decedent dies without a valid will he is said to have died testate
Indicate whether the statement is true or false
Tangible assets are earning assets that are held for the returns they promise.
Answer the following statement true (T) or false (F)