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Suggested Answer:
Azure Cosmos DB is an example of a platform as a service (PaaS) cloud database provider. Reference: https://docs.microsoft.com/en-us/azure/cosmos-db/database-security
First line says "Azure Cosmos DB is a fully managed platform-as-a-service (PaaS)"
https://docs.microsoft.com/en-us/azure/cosmos-db/account-databases-containers-items
Got this question on the exam today (02/09/2023) and instead of 'serverless' option there was 'content as a service' in the responses, the others were the same.
Azure Cosmos DB is PaaS (12 Oct 2022)
However, there is a new (22 Dec 2022) SEPARATE Account type called Azure Cosmos DB Serverless. You must create a new serverless account to use Cosmos DB Serverless. Migrating existing accounts to/from serverless mode isn't currently supported.
https://learn.microsoft.com/en-us/azure/cosmos-db/account-databases-containers-items
https://learn.microsoft.com/en-us/azure/cosmos-db/serverless
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