As Defined by the National Institute of Standards and Technology

question 48

Multiple Choice

As defined by the National Institute of Standards and Technology (NIST) ,"________ is a model for enabling ubiquitous,convenient,on-demand network access to a shared pool of configurable computing resources that can be rapidly provisioned and released with minimal management effort or service provider interaction."

• A) Green computing
• B) Social networking
• C) Internetworking
• D) Web phishing
• E) Cloud computing

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Definitions:

Long-Run Supply Curve

A graphical representation showing the relationship between price and the quantity supplied that firms are willing to produce, given all inputs are variable.

Output

The cumulative quantity of products or services generated by a corporation, sector, or economic system.

Short Run

A period in economics during which at least one factor of production is fixed, influencing decisions on production and costs.

Minimum Price

The lowest price at which a product or service can be sold, often set by law or regulation to protect producers or prevent unfair competition.