All of the Following Are Disadvantages to a Cloud-Based System

question 48

Multiple Choice

All of the following are disadvantages to a cloud-based system except:

• A)Fewer manual controls over reporting transactions
• B)Fewer IT employees would be needed to maintain the system
• C)Increased risk of fraudulent activities
• D)The system relies heavily on the functionality of the host server

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Definitions:

Gross Profit Margin

A financial metric that indicates the percentage of revenue that exceeds the cost of goods sold, showing the financial health and profitability of a company's core activities.

Gross Profit Percentage

A financial ratio that compares the gross profit of a business to its net sales, expressed as a percentage.

Net Sales

The revenue from sales of goods or services after subtracting returns, allowances for damaged or missing goods, and discounts.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.