Which of the Following Is Part of the Total Cost

question 41

Multiple Choice

Which of the following is part of the total cost of ownership of a computer network?

• A) Hardware
• B) Software
• C) User support costs
• D) Maintenance
• E) All of the above

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Definitions:

Accounting Profit

The total revenue of a business minus the explicit costs of operating the business.

Implicit Costs

The opportunity costs associated with a company's use of resources that are not directly paid for or billed.

Implicit Cost

The opportunity costs that are not directly paid or incurred but represent the loss of alternative benefits when resources are used in a particular way.

Capital

A resource, such as equipment or buildings, used to produce goods and services.