Cloud Computing Solutions Typically Require Less Bandwidth and Place Fewer

question 178

True/False

Cloud computing solutions typically require less bandwidth and place fewer demands on the organization's network or wide area network WAN), reducing the risk of "downtime".

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Definitions:

Elastic

A characteristic of a good or service that indicates its sensitivity to changes in price, with relatively large changes in quantity demanded or supplied in response to price changes.

Inelastic

Inelastic describes a situation where the demand or supply for a good or service is not significantly changed by variations in price.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they do pay.

Tax

A mandatory monetary contribution or different sort of tax levied on a taxpayer by a government entity to finance government expenditure and assorted public costs.