The inaccurate statement is Cloud computing replaces variable operating spend with capital expenditure.

Cloud computing is fundamentally pay as you go and operational in nature. You do not buy and depreciate servers when you use cloud services. Even when organizations prepay for options like reserved capacity they still do not own the assets and the costs are treated as operating expenses rather than capital purchases.

Cloud computing provides on-demand access to compute resources is correct because on demand provisioning of compute and storage is a core characteristic of cloud services and it enables rapid scaling.

Using the cloud helps teams move faster and become more agile is correct because managed services automation and self service provisioning reduce operational overhead and let teams iterate and deploy more quickly.

Cloud adoption enables organizations to achieve large economies of scale is accurate because large cloud providers spread fixed costs across many customers and operate at scale which lowers unit costs for customers.

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