Discuss how cloud computing could both positively and negatively affect system availability
What will be an ideal response?
Answer: Cloud computing significantly reduces the risk that a single event would result in system unavailability, since the 'cloud' consists of banks of redundant servers, in multiple locations. However, since users don't own the cloud, if a provider goes out of business, users may find it very difficult to access applications and data stored in the cloud. Additionally, users should evaluate the security and availability controls of the cloud provider before transacting business.
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Where should goods in transit that were recently purchased f.o.b. destination be included on the balance sheet?
a. Accounts payable. b. Inventory. c. Equipment. d. Not on the balance sheet.
Risks ordinarily assumed in business constitute consideration for the modification of a contract
Indicate whether the statement is true or false