Cloud Computing Is Not Typically Suited for Situations

question 54

Multiple Choice

Cloud computing is not typically suited for situations:

• A) involving offloading of expensive computing tasks.
• B) where complex legacy systems have to be ported.
• C) with no existing regulatory compliance issues.
• D) where pricing economics favor buying over renting.
• E) characterized by limited-time tasks.

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Definitions:

Physical Inventory

The process of counting by hand the actual inventory available in a business at a specific time, typically done periodically.

Cost of Inventory

The total expense to purchase and manage inventory stocks, including purchase costs, shipping, handling, and storage.

Perpetual Inventory System

An accounting system that continuously updates inventory records and cost of goods sold after each purchase or sale.

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, thereby preparing the books for the next period.