Software as a Service (SAAS) Refers to an Entire Application

question 101

True/False

Software as a service (SAAS) refers to an entire application or suite of applications running on the cloud.

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Definitions:

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

Phenomenon

An observable event or a fact that is apparent and can be scientifically described or explained.

Free Lunch

A metaphorical expression that describes a situation where something is offered for free, implying hidden costs or implications.

Principle

The original sum of money borrowed in a loan, or put into an investment, exclusive of any interest or dividends.