Cloud Computing ________

question 53

Multiple Choice

Cloud computing ________.

• A)leaves no permanent record of transactions
• B)is the storage of data and services in a central location that is accessible via the Internet
• C)is software and processing that is provided at a central location and that is accessible via the Internet
• D)is software and processing that is dispersed amongst many servers in many locations
• E)is data and services that are stored for short periods of time and are deleted after use

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Definitions:

Perfectly Price Inelastic

A market situation where the quantity demanded of a good does not change in response to changes in its price.

Total Income

The sum of all earnings obtained from work, investments, and other sources before any taxes or deductions.

Perfectly Price Elastic

Describes a situation where the quantity demanded or supplied changes infinitely in response to any change in price.

Luxury Good

A high-end item that is not necessary for living but is deemed as highly desirable within a culture or society.