A Cost Associated with an Information System That Cannot Be

question 17

Multiple Choice

A cost associated with an information system that cannot be easily measured in terms of dollars or with certainty refers to a(n) :

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

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Definitions:

Technological Improvement

Advances and innovations in technology that enhance efficiency, productivity, or capabilities in various sectors.

Product Demand

The amount of a product or service that buyers are ready and capable of buying at different price levels over a specified time frame.

Decreasing-cost Industry

An industry wherein an increase in the scale of production leads to a reduction in the average cost of production.

Input Prices

The costs associated with purchasing the raw materials, labor, and other factors of production required to produce goods or services.