Which of the Following Terms BEST Describes the Cost to Convert

question 57

Multiple Choice

Which of the following terms BEST describes the cost to convert data into information?

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

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Definitions:

Run

A term that can describe a sustained period of demand for a product or currency, or a rapid sell-off in securities trading.

Supply and Demand

are economic principles stating that the price of a good or service is determined by its availability (supply) and the desire of buyers (demand).

Borrowed and Lent

Refers to the process of obtaining funds (borrowed) from a lender under an agreement to pay back the funds plus interest (lent) over time.

CDOs

Stands for Collateralized Debt Obligations, which are complex financial instruments that pool various types of debt and then issue new securities backed by the debt pool.