Which of the Following Is True

question 54

Multiple Choice

Which of the following is true?

• A) Cloud computing is a control technique for system availability.
• B) Cloud computing eliminates the need for backup of applications and data.
• C) Cloud computing refers to the practice of storing application files and backup data on satellites 'in the clouds'.
• D) Cloud computing eliminates the need for companies to own their own software and servers.

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Definitions:

Negotiability

Negotiability refers to the feature of certain documents, such as negotiable instruments, that allows them to be transferred or endorsed from one party to another, thereby guaranteeing payment to the holder.

Payable on Demand

A term indicating that a payment must be made by the debtor immediately upon the creditor's request.

Definite Time

Pertains to a specific, clearly defined period or moment at which something is scheduled to occur or be completed.

Revised Article 3

An updated part of the Uniform Commercial Code dealing with negotiable instruments, such as checks.