Which of the Following Statements Is True About the Cloud

question 14

Multiple Choice

Which of the following statements is true about the cloud?

• A) Cloud vendors dynamically allocate physical servers as customer needs vary.
• B) The amount of resources that is leased out to organizations is decided by their lease contracts.
• C) Organizations that use cloud services share hardware through virtualization.
• D) Every organization that uses cloud services is allotted only one virtual machine.

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Definitions:

Price Charged

Price charged refers to the amount of money levied on a product or service by a seller, which the buyer must pay to complete the transaction.

Total Revenue Curve

A graphical representation showing how total revenue changes as the quantity sold of a good or service varies, holding all else constant.

Marginal Revenue Curve

A graphical representation showing the change in total revenue with respect to changes in the quantity of goods or services sold.

Downsloping

Characterizes a line or curve on a graph that decreases in value as it moves from left to right, often used in reference to demand curves.