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Widget Corp

question 31

Multiple Choice

Widget Corp. wants to shift its list of inventory to a cloud so that its different branches can access it easily. The company needs a cloud computing option that would provide high flexibility to add or drop resources. The cloud computing option should be cost-effective and should not expose mission-critical applications and data to the outside world. Which cloud computing option would be most suitable for Widget Corp.?

Definitions:

Stated Value

A fixed dollar amount assigned to each share of no-par stock, designated by the board of directors of a company.

Treasury Stock

Shares that were once a part of the outstanding shares but were bought back by the company and are now held in the company's treasury.

Cash Dividend

A distribution of profits by a corporation to its shareholders in the form of cash.

Treasury Stock

Shares that were issued and later reacquired by the company, reducing the amount of outstanding stock on the open market.