The Advantages of Cloud-Based Computing Includes All of the Following

question 44

Multiple Choice

The advantages of cloud-based computing includes all of the following, EXCEPT:

• A)Scalability - as the company grows, it can easily purchase additional capacity.
• B)Expanded access - once the data are store in the cloud, it can be accessed by multiple devices form different locations.
• C)Increased infrastructure - the company has more need for servers and data storage.
• D)Cost savings - because of the advantages related to cloud-based computing, there are usually significant cost savings recognized.

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Definitions:

Net Assets

The total assets of an entity minus its total liabilities, indicating the entity's net worth or equity value.

Consolidated Financial Statements

Financial statements that present the financial position and results of operations of a parent company and its subsidiaries as one single entity.

Parent Company

A parent company is a corporation that owns enough voting stock in another corporation (subsidiary) to control its board of directors and therefore its operations and policies.

Subsidiary

A company that is completely or partially owned and wholly controlled by another company, referred to as the parent company.