Which of the Following Describes "Cloud Computing

question 69

Multiple Choice

Which of the following describes "cloud computing"?

• A)It is a is a way of using business applications over the Internet
• B)It is an internal business process over the organizations intranet
• C)It is an internal business process over the organizations extranet
• D)none of these

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Definitions:

Import Protections

Measures such as tariffs and quotas that countries implement to protect their domestic industries from foreign competition.

Consumer Surplus

The disparity between the amount consumers are prepared to spend on a product or service and the actual price they pay.

Import-Competing Industries

Sectors within an economy that produce goods or services in direct competition with imports, often affected by trade policies.

Comparative Advantage

The capacity of a person, business, or nation to generate a product or service with a lesser opportunity cost compared to rivals.