In cloud computing, which characteristic refers to resources being monitored and billed based on the exact amount of storage, processing, or bandwidth a customer actually consumes-much like a utility company meters electricity use?
Metered utilization
Multitenancy
High availability
Elasticity
Metered utilization (also called a measured service) means the cloud provider tracks how much of a resource each customer uses and charges accordingly. This enables a true pay-as-you-go model. Elasticity is the ability to scale resources up or down, high availability focuses on uptime, and multitenancy refers to multiple customers sharing the same physical resources securely.
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