Cloud Computing Eliminates the Need to Invest in Hardware Up

question 32

True/False

Cloud computing eliminates the need to invest in hardware up front,so companies can develop and deploy applications faster.

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Definitions:

Equivalent Units

A concept used in cost accounting to express the amount of work done on incomplete products in terms of fully completed units of output.

Fully Completed

A status indicating that a task, project, or product has been finished with all necessary requirements met.

JIT

Just-In-Time, an inventory management methodology aimed at reducing waste and improving efficiency by receiving goods only as they are needed in the production process.

Inventory Accounts

Accounts used to track the value of a company's stored resources that are intended for sale.