For Businesses Considering a Cloud Computing Solution,which of the Following

question 19

Multiple Choice

For businesses considering a cloud computing solution,which of the following should they ask the cloud vendor to provide before entering into a contract for critical business operations?

• A)FASB 51 Report.
• B)Audit Report.
• C)SAS 3 Report.
• D)SOC 2 Report.

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Definitions:

Gradually Lowering

The process of slowly decreasing or reducing something over time.

Competitive Pricing

A pricing strategy where a company sets its product or service prices based on the prices of competitors, aiming to provide more value to customers.

Odd Pricing

Pricing method using uneven amounts, which sometimes appear smaller than they really are to consumers.

Penetration Pricing

A pricing strategy where a product is set at a low initial price to quickly gain market share by enticing customers away from competitors.