________ Refers to Purchasing Software and Data Storage from a Third

question 87

Multiple Choice

________ refers to purchasing software and data storage from a third party.

• A) Cloud computing
• B) Resource planning
• C) Networking
• D) Entry-level software

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Definitions:

Current Asset

Any asset that is expected to be converted into cash within one year or within the normal operating cycle of a business.

Expense

Costs incurred in the process of earning revenue, representing outflows of assets or incurrence of liabilities.

Administrative Expenses

Operating expenses such as general office expenses that are incurred indirectly in the selling of goods.

Advertising Expense

Costs incurred in promoting products, services, or the brand to attract customers and increase sales.