Which statement correctly describes the relationship between virtualization and cloud computing?

The statement that virtualization has promoted the development of cloud computing is accurate because virtualization technology is foundational to the cloud computing model. Virtualization allows for the abstraction of physical resources, enabling multiple virtual machines to run on a single physical server. This ability to share and efficiently allocate resources is what underpins many cloud services, such as Infrastructure as a Service (IaaS) and Platform as a Service (PaaS).

Through virtualization, cloud providers can offer flexible resource allocation, scalability, and efficient resource management, which are key advantages of cloud computing. This capability has led to the widespread adoption of cloud technologies as businesses seek to optimize their IT infrastructure and reduce costs. As a result, virtualization has been a critical enabler of cloud computing services, facilitating innovations and a shift towards more dynamic and responsive IT environments.