________ Is a Model of Computing in Which Firms and Individuals

question 73

Multiple Choice

________ is a model of computing in which firms and individuals obtain computing power and software applications over the Internet, rather than purchasing and installing it on their own computers.

• A) Client/server computing
• B) P2P computing
• C) Mobile computing
• D) Cloud computing

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Definitions:

Cash Register Tapes

Physical records produced by cash registers, documenting transactions completed.

Refund Liability

An obligation to return funds to customers, recorded as a liability on the balance sheet, reflecting the company's expectation to refund some portion of sales.

Defective Merchandise

Products that fail to meet quality standards, often leading to returns, exchanges, or adjustments.