Cloud-Based Servers Are Maintained by a Third-Party Company and Are

question 6

True/False

Cloud-based servers are maintained by a third-party company and are used to manage the IT needs of an organization.

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold (COGS), indicating the profit a company makes before deducting operating expenses.

Cost of Goods Sold

Costs directly connected to the assembly of products sold by a business, covering materials and labor expenses.

Operating Income

The profit realized from a business's core business operations, excluding deductions of interest and tax.

Operating Expenses

Costs associated with running the day-to-day operations of a business which are necessary to keep the business functioning, excluding the cost of goods sold.