Cloud Computing Quiz

What is the main advantage of storing files 'in the cloud'?

• Files are stored on the device itself.

• Files can be accessed from any device with internet access.

• Files are automatically deleted after a certain period.

• Files are only accessible from the original device.

What does SaaS stand for in cloud computing?

• Software as a Service

• Storage as a Service

• Security as a Service

• System as a Service

Which of the following is NOT a benefit of cloud computing?

• Cost savings

• Scalability

• Reliability

• Increased hardware requirements

What is a potential problem with cloud computing related to security?

• Data is always encrypted.

• Data is never encrypted.

• There are concerns about data security and privacy.

• Data is stored only on local devices.

What is one of the benefits of offshore outsourcing?

• Increased labor costs

• Faster turn-around speeds using technology

• Loss of service to customers

• Decreased quality of work

What is a major risk associated with offshore outsourcing?

• Increased acceptance from Australian customers

• Enhanced security and privacy

• Loss of in-house skills

• Improved quality control

How is quality maintained in offshore outsourcing?

• By reducing the skill level of workers

• By maintaining the skill level of workers in accounting and IT

• By ignoring customer service

• By increasing labor costs

What is a concern regarding data in offshore outsourcing?

• Data is more secure off-site

• Privacy of data and compliance with Australian privacy laws

• Data is not a concern

• Data is always stored on-site

What is the main distinction between a capital expenditure and an expense?

• The amount of money spent

• The time and nature of the expenditure

• The type of asset purchased

• The department making the purchase

Where do capital expenditures appear in financial statements?

• Statement of Profit or Loss

• Cash Flow Statement

• Statement of Financial Position

• Income Statement