In cloud computing, resources are said to be "pooled" because organizations ________.
A. share the same physical hardware through virtualization
B. use open source standards that enable users to modify a program's source code
C. use the public Internet to create the appearance of a private connection
D. share the same physical address range
E. offer their services to each other free of charge, in a give-and-take arrangement
Answer: A
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Monitoring performance to ensure that day-to-day goals are being implemented and taking corrective action as needed is known as ______ control.
A. strategic B. functional C. operational D. tactical E. managerial
Which of the following statements is true concerning the matching principle?
a. All costs can be directly matched with revenue. b. All costs can be indirectly matched with periods in which they provide a benefit. c. The association of assets for a period with the liabilities necessary to generate the assets is known as the matching principle. d. Cost of goods sold matched with sales revenue is a classic example of direct matching under the matching principle.
To match expenses against revenues means to ________
A) add expenses incurred during one period from revenues earned during that same period B) subtract expenses incurred during one period from revenues earned during the previous period C) add expenses incurred during one period from revenues earned during the previous period D) subtract expenses incurred during one period from revenues earned during that same period
How do strong ethical values benefit a firm?
A. They emphasize benefiting stakeholders by significantly increasing profit. B. They provide strong public relations, which can either benefit or hinder competitive advantage. C. They lay the groundwork for a quick increase of profits and short-term success. D. They serve as the guardrails put in place to keep the company on track when pursuing its mission.