What are the drawbacks of cloud computing? Do you think these ever outweigh the benefits, and if so, in what cases?
What will be an ideal response?
Students should be able to identify at least two drawbacks. Drawbacks include:
1. placing data storage and control in another firm's hands,
2. security risks in having critical systems and data entrusted to a firm that does business with other firms,
3. loss of business capability if cloud infrastructures malfunction,
4. dependence on cloud computing provider and switching costs. Student answers regarding the relative weight will vary, an example is: The disadvantages of cloud computing outweigh the advantages, except if any data lost is irreplaceable or creates harm to others. For example, a database of financial information should remain the responsibility of the original firm so that they can be held accountable.
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In order for an external auditor to complete an audit of a public company, the entity's management must comply with all of the following except:
A. support its evaluation with sufficient evidence, including documentation. B. present an oral assessment of the effectiveness of the entity's internal control over financial reporting as of the end of the entity's most recent fiscal year. C. accept responsibility for the effectiveness of the entity's internal control over financial reporting. D. evaluate the effectiveness of the entity's internal control over financial reporting using suitable control criteria.
Jessup Company expects to incur overhead costs of $20,000 per month and direct production costs of $125 per unit. The estimated production activity for the upcoming year is 1,000 units. If the company desires to earn a gross profit of $50 per unit, the sales price per unit would be which of the following amounts?
A. $195 B. $290 C. $175 D. $415
Which of the following is true with regard to energy efficiency of transportation modes?
a. Water is less than half as energy efficient as by air. b. Water is less than half as energy efficient as trucks. c. Transportation by train is more energy efficient than transportation by truck. d. Transportation by water is less energy efficient than transportation by rail.
Which of the following is not one of the three panes in the Mail window?
A) Outlook Today Pane B) Navigation Pane C) Inbox Pane D) Reading Pane