When a Company Buys Data Storage from a Cloud Provider

question 77

Multiple Choice

When a company buys data storage from a cloud provider, the arrangement is referred to as:

• A)Online analytical processing
• B)Cloud services assessment
• C)Distributed data storage
• D)Database as a service

---

Definitions:

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, used in manufacturing cost analysis.

Actual Costs

The real costs incurred in the production of goods or services, as opposed to estimated or forecasted costs.

Standard Costs

Standard costs are predetermined calculations used in cost accounting that represent the expected cost of manufacturing or producing goods under normal conditions.

Direct Labor Rate Variance

The difference between the actual cost and the standard cost of labor per unit of output, indicating efficiency in labor use.