Which of the Following Is Not an Issue for Cloud

question 46

Multiple Choice

Which of the following is not an issue for cloud utility computing?

• A)The possibility of losing access.
• B)The possibility of getting locked into proprietary software.
• C)Security concerns.
• D)Legal complications.
• E)All of the above are issues for cloud utility computing.

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Definitions:

Inventory Value

The total cost or market value of all items held in inventory, including raw materials, work-in-progress, and finished goods.

FIFO Cost Flow Assumption

An inventory valuation method where goods purchased first are the first sold, assuming costs are charged in the order in which they are incurred.

LIFO Cost Flow Assumption

An inventory valuation method that assumes the last items added to inventory are the first sold, affecting the cost of goods sold and ending inventory value.

Lower of Cost or Market

A valuation rule that requires inventory to be recorded at the lower of the original cost or the current market value.