Which term refers to the allocation of resources in cloud computing?

The allocation of resources in cloud computing is best described by the concept of resource pooling. This term refers to the cloud provider's ability to serve multiple customers using a shared pool of resources, such as storage, computing power, and network bandwidth, which are dynamically allocated and reassigned according to demand.

Resource pooling allows for efficient utilization of resources as it enables providers to deliver services to various tenants while maintaining scalability and flexibility. This means that different organizations can effectively share the same underlying infrastructure without impacting the overall performance, as the resources can be adjusted and allocated dynamically based on real-time requirements.

The other options describe important aspects of cloud computing but do not directly define resource allocation. Broad network access refers to the ability to access cloud services over the internet from various devices, on-demand self-service allows users to provision resources as needed without human intervention, and measured service involves tracking usage metrics to ensure billing is aligned with consumption. While these concepts are integral to the cloud model, they do not specifically encompass the idea of how resources are allocated and shared among users, which is the essence of resource pooling.