Which of the Following Statements Defines Storage Cost

question 115

Multiple Choice

Which of the following statements defines storage cost?

• A) It is the cost of obtaining data that an organization does not have.
• B) It is the cost of transforming raw data into meaningful information.
• C) It is the cost of physically or electronically archiving information for later use.
• D) It is the cost of transmitting information from one place to another.

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Definitions:

International Transactions

Financial operations that occur across national borders, involving the exchange of goods, services, or capital between countries.

Intermediary

An entity or person that acts as a mediator or link between parties to facilitate a transaction or agreement.