Which of the Following Statements About Cloud Computing Is True

question 5

Multiple Choice

Which of the following statements about cloud computing is true?

• A)Cloud computing allows you to use software and data stored in the "cloud"-i.e. ,accessed on remote computers (or servers)via the Internet and available on demand-rather than having it stored on your desktop,notebook computer or mobile device.
• B)Cloud computing allows you to instantaneously scale your computing resources (e.g. ,storage and processing power)to meet their occasional peak levels,making it more cost effective than purchasing expensive hardware.
• C)Microsoft's Windows Azure is a cloud computing platform that allows you to develop,manage and distribute your apps in the cloud.
• D)All of the above.

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Definitions:

Section 1245 Gain

A tax term referring to the gain from the sale or disposal of certain types of depreciable property, where the gain is recaptured as ordinary income.

Ordinary Income

Refers to the type of income earned by an individual that is subject to standard tax rates, including wages, salaries, commissions, and income from interest or dividends.

Long-Term Capital Losses

Losses incurred from selling assets that have been held for over a year, which can be applied to counterbalance capital gains when calculating taxes.

Short-Term Capital Gains

Profits from the sale of an asset held for one year or less, typically taxed at higher rates than long-term capital gains.