Soundwave Communication Services Has Processed and Archived a Large Amount

question 27

Multiple Choice

Soundwave Communication Services has processed and archived a large amount of data on its servers. However, due to a technical fault in its servers,it was unable to access the information. It had to spend a large sum of money to regain access to the information. In this scenario, the cost borne by Soundwave Communication Services is an example of _____.

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

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Definitions:

Human Relations Approach

A management perspective that emphasizes the importance of understanding human motivations, needs, and relationships in the workplace.

Organisational Behaviour

A field of study that investigates how individuals, groups, and structure affect and are affected by behavior within organizations, aiming to apply such knowledge toward improving an organization's effectiveness.

Individuals and Groups

Refers to the study and understanding of how people behave and interact within a group setting in organizational contexts.

Maslow's Theory

A psychological framework proposing a hierarchy of human needs, from basic (physiological) needs to higher-level needs like self-actualization, influencing motivation.