How Might Moving to the Cloud Have a Negative Impact

question 52

Multiple Choice

How might moving to the Cloud have a negative impact on users?

• A) Development is no longer in house and may take longer to be performed.
• B) Software licensing is no longer part of operations.
• C) Support and maintenance are no longer in house and may take longer to be performed.
• D) Uptimes can be guaranteed but not adjusted in a flexible manner.

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Definitions:

Accounts Receivable

Funds that customers owe to a business for goods or services already provided but not yet compensated for.

Sales Tax Payable

A liability account that accumulates the collected sales tax from customers to be remitted to the respective tax authorities.

Asset Account

An asset account is a category in the financial statements that reports the value of a company's assets, such as cash, inventory, property, and equipment.

Liability Account

A type of accounting ledger entry that represents a company's legal debts or financial obligations that arise during business operations.