What Serves Only One Customer or Organization and Can Be

question 57

Multiple Choice

What serves only one customer or organization and can be located on the customers' premises or off the customer's premises?

• A) Community cloud
• B) Private cloud
• C) Utility computing
• D) Public cloud

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Definitions:

Sale

The exchange of goods or services for money, representing a fundamental activity of business operations.

Plant Asset

Long-term tangible assets used in the operations of a business that are not intended for resale, such as machinery, buildings, and vehicles.

Income Statement

A financial document that shows a company's revenues, expenses, and net income over a specific period of time.

Revenue Expenditures

Payments made for ordinary maintenance of an asset or unnecessary or unreasonable situations.