Global Networcks Has Processed and Archived a Large Amount of Data

question 68

Multiple Choice

Global Networcks has processed and archived a large amount of data on its servers. Due to technical faults in its servers, it could not access the data. The company had to pay $300,000 to external technicians to regain access to its data. The cost incurred by Global Networcks is an example of _____.

• A) acquisition cost
• B) processing cost
• C) storage cost
• D) retrieval cost

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Definitions:

Deontology

An ethical theory that emphasizes duty and rules over the outcomes of actions.

Hedonism

A philosophical theory or approach that argues that pleasure and happiness are the primary or most important intrinsic goods and the aim of human life.

Pragmatism

A philosophical approach that assesses the truth of meaning of theories or beliefs in terms of the success of their practical application.

End Result

The final outcome or conclusion of a process or a series of actions.