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_____ Is a Cloud Computing Model in Which a Service

question 18

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_____ is a cloud computing model in which a service provider makes computing resources such as hardware and storage, along with infrastructure management, available to a customer on an as-needed basis.


Definitions:

Transactions

Economic events that are recorded in the financial statements, involving transfers or exchanges of goods, services, or funds between entities.

Manufacturing Cost

Manufacturing cost includes all expenses directly involved in the production of goods, such as raw materials, labor, and factory overhead.

Cost Per Unit

The total expense incurred to produce, store, and sell one unit of a product or service, calculated by dividing total costs by the number of units produced.

Inventory

The complete list of goods or materials a company holds, intending to sell it in the regular course of business.

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