A Cost Associated with an Information System That Can Be

question 16

Multiple Choice

A cost associated with an information system that can be measured in dollars and with certainty best describes:

• A) economic cost.
• B) tangible cost.
• C) intangible cost.
• D) one-time cost.
• E) measurable cost.

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Definitions:

Implied Powers

Powers not explicitly stated in a constitution or legal document but deemed necessary to execute the powers that are expressly stated.

De Facto Corporation

Latin for “corporation in fact” a corporation that has not substantially met the requirements of the state incorporation statutes.

Incorporation Statute

Laws enacted by a state that outline the requirements for forming and operating a corporation within that state.

Dividends

Corporate profit shares distributed among stockholders, often on a periodic basis.