Final answer:
The scenario described, where the cloud provider supplies the hardware and bandwidth while the company manages the OS, software, and configurations, is an example of Infrastructure as a Service (IaaS).
Step-by-step explanation:
When a company utilizes a cloud service to provide the physical hardware and bandwidth needed for configuring multiple servers, yet retains responsibility for the operating system, software, and server configuration, this setup is indicative of an Infrastructure as a Service (IaaS) cloud environment. In IaaS, the cloud provider supplies the infrastructure, and clients manage the rest, which aligns with the scenario in the question. This contrasts with Platform as a Service (PaaS), where the platform including the OS and hosted software is provided, and Software as a Service (SaaS), which provides fully functional software to the user via the internet. Function as a Service (FaaS) involves running individual functions in the cloud and is not related to the deployment of server farms.