Virtualization and Cloud Computing Necessarily Go Hand-In-Hand

question 108

True/False

Virtualization and cloud computing necessarily go hand-in-hand.

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Definitions:

Deductible Business Expenses

Expenses incurred during business operations that can be subtracted from gross income to reduce taxable income.

Depreciation

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time due to use and wear.

Tax Purposes

The reason or intent behind financial decisions or transactions primarily to comply with tax regulations or optimize tax benefits.

Process Layout

An arrangement of resources in a manufacturing or service environment where similar processes are grouped together.