What Is the Term Used to Refer to the Running

question 10

Multiple Choice

What is the term used to refer to the running of applications such as word-processing and spreadsheet analysis over the Internet rather than on local machines?

• A)rapid application development
• B)end-user systems development
• C)cloud computing
• D)outsourcing

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Definitions:

Surplus

An excess of something, especially a quantity of a commodity or financial instrument that exceeds what is needed or used.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity supplied, leading to market balance.

Equilibrium Quantity

The amount of goods or services that is supplied and demanded at the equilibrium price.

Price Floor

A minimum price set by the government for certain goods and services, which cannot legally be lowered.