Which of the Following Is True of Cloud Computing Tools

question 13

Multiple Choice

Which of the following is true of cloud computing tools?

• A) It allows users to store data efficiently on their computers.
• B) It has no system or software requirements to function efficiently.
• C) It provides high level of security for all the information.
• D) It requires special software and users need to download specialized software.
• E) It is a redundant tool that is no longer in use.

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Definitions:

Allocation

The process of distributing resources or assigning tasks among various projects, units, or individuals.

Recognized Loss

A realized loss on investments or assets reflected in a company's financial statements.

Consolidation Process

The consolidation process involves combining the financial statements of separate companies, typically within the same corporate group, to form a single set of financial statements as if they were one entity.

Subsidiary

A company that is completely or majority-owned by another company, referred to as the parent company, which controls its operations and policies.