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:

Objective Test

A standard or criteria based on factual measures, independent of personal feelings or opinions, used to assess a person's situation or actions.

Duress

A situation where a person performs an act as a result of violence, threat, or other pressures against them, questioning the voluntariness of their decision.

Tort

A civil wrong that causes someone else to suffer loss or harm resulting in legal liability for the person who commits the tortious act.

Material Misrepresentation

False statements or omissions of fact that are so significant they affect a party's decision to enter into a contract.