Which of the Following Statements Defines Communication Cost

question 28

Multiple Choice

Which of the following statements defines communication 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 transmitting information from one place to another.
• D) It is the cost of physically or electronically archiving information.

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Definitions:

Straight-Line Depreciation

A method of allocating the cost of a tangible asset evenly over its useful life.

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the company's strategic objectives, focusing on projects that will generate value over time.

Incremental Sales

The increase in sales revenue attributed to a specific marketing effort or event.

Operating Expenses

Costs incurred in the day-to-day operations of a business, excluding the cost of goods sold, such as rent, salaries, and utilities.