A Cost Resulting from the Ongoing Evolution and Use of a System

question 63

Multiple Choice

A cost resulting from the ongoing evolution and use of a system best defines a(n) :

• A) recurring cost.
• B) one-time cost.
• C) incremental cost.
• D) frequent cost.
• E) variable cost.

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Definitions:

Virginia Company

An English joint-stock company chartered in 1606 with the purpose of establishing colonial settlements in North America, leading to the foundation of Jamestown, Virginia.

Land Ownership

The legal right or title to control and use a specific plot of land, recognized and protected by law.

English Noblemen

Members of the British aristocracy, historically endowed with specific privileges, titles, and responsibilities in the social and political hierarchy.

Roger Williams

A Puritan minister, theologian, and author who founded the Colony of Rhode Island and the Providence Plantations, advocating for separation of church and state and religious freedom.