Utility Computing Refers To

question 10

Multiple Choice

Utility computing refers to:

• A) technology that can make a single computer behave like many separate computers.
• B) pools of computing resources that reside inside an organization and that can be served up for specific tasks as need arrives.
• C) a firm developing its own software, and then running it over the Internet on a service provider's computers.
• D) the use of cloud computing to provide excess capacity during periods of spiking demand.
• E) a form of cloud computing where a firm subscribes to third-party software and receives a service that is delivered online.

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Definitions:

Periodic System

An accounting method where inventory updates are made on a periodic basis, usually at the end of a reporting period, rather than after each transaction.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases less cost of goods sold.

Overstated Inventory

A situation where the recorded amount of inventory is higher than the actual inventory available, often due to error or mismanagement.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, often referred to as shareholders' equity or owners' equity.