A Clothing Company Uses a Custom Ecommerce Application and a PostgreSQL

question 105

Multiple Choice

A clothing company uses a custom ecommerce application and a PostgreSQL database to sell clothes to thousands of users from multiple countries. The company is migrating its application and database from its on-premises data center to the AWS Cloud. The company has selected Amazon EC2 for the application and Amazon RDS for PostgreSQL for the database. The company requires database passwords to be changed every 60 days. A Database Specialist needs to ensure that the credentials used by the web application to connect to the database are managed securely. Which approach should the Database Specialist take to securely manage the database credentials?

• A) Store the credentials in a text file in an Amazon S3 bucket. Restrict permissions on the bucket to the IAM role associated with the instance profile only. Modify the application to download the text file and retrieve the credentials on start up. Update the text file every 60 days.
• B) Configure IAM database authentication for the application to connect to the database. Create an IAM user and map it to a separate database user for each ecommerce user. Require users to update their passwords every 60 days.
• C) Store the credentials in AWS Secrets Manager. Restrict permissions on the secret to only the IAM role associated with the instance profile. Modify the application to retrieve the credentials from Secrets Manager on start up. Configure the rotation interval to 60 days.
• D) Store the credentials in an encrypted text file in the application AMI. Use AWS KMS to store the key for decrypting the text file. Modify the application to decrypt the text file and retrieve the credentials on start up. Update the text file and publish a new AMI every 60 days.

Determine the effects of lease payments on lessee's balance sheet and income statement.

Understand the criteria for classifying leases as capital or operating from the lessee’s perspective.

Calculate depreciation expense for leased assets.

Recognize the impact of interest rates on lease classification and accounting.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not reduce availability for others.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all members of society and one person's consumption does not reduce availability for others.

Common Resources

Resources that are freely accessible to all members of a society but are subject to overuse and depletion because they are not privately owned.

Market Outcomes

The results of interactions between consumers and producers in a market, including prices, quantities of goods and services produced and consumed, and allocation of resources.