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The Chief Information Officer (CIO) of a company is tasked to save costs by reducing datacenter space. The administrator explains that virtualization of servers will support this task as a benefit of migrating to a cloud environment known as:
A. Total cost of ownership reduction.
B. Increased availability.
C. Infrastructure consolidation.
D. Increased server efficiency.
Answer: C
NEW QUESTION: 2
EnterpriseOne provides Server Manager as its interface where administrators can capture vital resource information (advanced process metrics & diagnostic tools) of running EnterpriseOne kernels. Which two process types does this apply to?
A. Call Object kernel
B. Security kernel
C. Management kernel
D. Package kernel
E. UBEs
Answer: A,C
NEW QUESTION: 3
Don Wolf became a general partner in Gata Associates on January 1, 1989, with a 5% interest in Gata's profits, losses, and capital. Gata is a distributor of auto parts. Wolf does not materially participate in the partnership business. For the year ended December 31, 1989, Gata had an operating loss of $100,000.
In addition, Gata earned interest of $20,000 on a temporary investment. Gata has kept the principal temporarily invested while awaiting delivery of equipment that is presently on order. The principal will be used to pay for this equipment. Wolf's passive loss for 1989 is:
A. $4,000
B. $6,000
C. $5,000
D. $0
Answer: C
Explanation:
Explanation
Choice "c" is correct. Wolf's passive loss for 1989 is $5,000 ($100,000 operating loss * 5% interest in partnership).
Choice "a" is incorrect. Wolf did not materially participate in the partnership, so the loss was passive.
Choice "b" is incorrect. Wolf's passive loss of $5,000 could not be reduced by his distributive share of the partnership's "interest income" totaling $1,000. Interest income is considered "portfolio income," and neither the partnership nor a partner can offset it against passive losses.
Choice "d" is incorrect. No items of income or deduction from portfolio income or activities in which the taxpayer materially participates may be combined or offset with passive losses unless the activity generating the loss is completely disposed of in a taxable transaction.
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