On-Premises Data Centers,virtualization,and Cloud Computing Are Types of IT Infrastructures

question 77

True/False

On-premises data centers,virtualization,and cloud computing are types of IT infrastructures or computing systems.

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Definitions:

Accrual Accounting

A financial recording strategy that documents earnings and outlays upon accrual, rather than basing the records on the actual cash exchange dates.

Cash Receipts

The total amount of cash collected by a business during a specific period, including revenue from sales, interest, dividends, and other cash inflows.

Full Disclosure

A principle requiring that financial statements provide all necessary information to ensure a clear understanding of a company’s financial condition.

Internal Control Procedures

The methods and processes used by organizations to ensure the accuracy and integrity of their financial statements, compliance with laws and regulations, and efficient operations.