The Most Popular IaaS Operation Today Is Amazon's Elastic Compute

question 17

Multiple Choice

The most popular IaaS operation today is Amazon's Elastic Compute Cloud (EC2) .The benefits when using Amazon as an IaaS includes ____________.

• A)Customers can load and run their own applications
• B)Customers can control their own operating environment
• C)Customers can create,run,and stop services as needed
• D)All of the above

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Definitions:

Cash Basis

An accounting method where revenues and expenses are recorded only when cash is received or paid out.

Mismatching Problems

Issues that arise when expenses are recognized in a different period than the revenues they help to generate, potentially distorting financial statements.

Accrual Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.

Cash-Basis Accounting

An accounting method where revenues and expenses are recorded when cash is received or paid, rather than when they are earned or incurred.