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

---

Definitions:

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Accounts Receivable

Money owed to a business by its customers from sales or services rendered on credit.