The Cloud Is the Elastic Leasing of Pooled Computer Resources

question 56

True/False

The cloud is the elastic leasing of pooled computer resources over the Internet.

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Definitions:

Partnership

A business arrangement where two or more individuals share ownership, profits, and liabilities of a business venture.

Consent

Agreement or permission given by a party for something to happen or be done.

Notice

A formal declaration or statement that informs parties of certain facts, obligations, or legal processes.

Partnership Firm

A business entity created when two or more individuals agree to share the profits and losses of a business venture.