+1-415-670-9189
info@expertsmind.com
Describe top-three fears in competing in global market
Course:- Accounting Basics
Reference No.:- EM13860395




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Accounting Basics

Question:

"The Cloud Effect" Please respond to the following:

Many firms are relying on cloud computing, also known as "the cloud," to perform key business functions. By moving transactional processing to the cloud, firms are exposing themselves to additional attacks as well as to tighter scrutiny from regulators and stakeholders. From the e-Activity, assume that you are the CFO of Amazon.com. Create an argument indicating how your firm will be able to balance the needs of security with the desire of being a dominant player in the global market.

As the CFO, describe your top-three fears in competing in the global market, and how you plan to overcome those fears. Provide support for your rationale.

Answered:-

Verified Expert


Preview Container content

With the changing time the working environment of the business houses are changing at faster pace. Many firms have shifted their key functions to the cloud computing technology as it provides to do business more efficiently and effectively throughout the global and are very significant in today’s world for multinational company which is carries out its business around the world. Cloud service is cheaper for company as it saves the cost of maintaining in-house servers.

But as firms are using cloud service they are exposing their internal affairs and mostly sensitive data to the cloud service providers and illegal hackers. Having their internal sensitive data exposed companies can become vulnerable as data related to their consumer can be listed online. Recently, two hacking events exposed the negative side of using cloud computing services which are Amazon’s EC2 cloud computing services and Sony’s PlayStation security breach. After this incident the weakness in the system was revealed at the cost of the consumers and the company after that promised to strengthen their security. The security risks are as follows under cloud computing services.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
In 2009, Ratliff installs roads and utilities at a cost of $36,000 and pays property taxes totaling $2,000 in 2009 and 2010. Interest paid on the loan used to purchase the l
The estimated salvage value is $20,000, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of t
On October 1, FloorMate Carpet Company had the following inventories: Finished Goods $5,600 Work in Process-Spinning Department 1,500 Work in Process-Tufting Department 2,30
Simon Company determines that its goodwill is impaired. It finds that its implied goodwill is $360,000 and its recorded goodwill is $400,000. The fair value of its identifiabl
The tax rate on operating profit was 19.39%. The 2013 income statement reported income tax expense of $5,189 million. What did Microsoft report as income before income tax e
Bill is single and has a 447,500 salary as his sole source of income. Bill also sustains a long-term capital loss of $10,000. What is Bill's capital loss carry forward to fu
How does cash flow affect the evaluation of an investment? If an initial investment will be $100,000, which is better, a one-time return of $120,000 received in one year aft
Assume the same facts as in part (1), except that if Lockhart were a C corporation, its taxable income would have been $17,000. What is its built-in gains tax in 2013? Be su