COGNITIVE ASSESSMENT Your Business Is Looking to Rely on Cloud

question 7

Multiple Choice

COGNITIVE ASSESSMENT Your business is looking to rely on cloud computing services to provide system backup and the archiving of earlier versions of files, for example. What is the term for this?

• A) Storage as a Service
• B) Software as a Service
• C) Data as a Service
• D) Platform as a Service

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Definitions:

Profit Maximizing Price

The price at which a company can sell its product to maximize its profit, balancing between too high to deter consumers and too low to cover costs.

State Government

The government of a specific state within a country, responsible for governing matters not reserved by the federal government.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Marginal Revenue

The extra revenue gained by selling an additional unit of a product or service.