Fuine Corp

question 33

Multiple Choice

Fuine Corp.,a multinational corporation,has a data management system that contains raw data about the firm,its employees,business processes,subdivisions,etc.The data management system is outdated and inefficient in converting the data into useable information.This significantly costs the company.In this case,which of the following costs is Fuine Corp.incurring? 

• A) ​Processing costs 
• B) ​Retrieval costs 
• C) ​Acquisition costs 
• D) ​Storage costs

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Definitions:

Price Elasticities

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Deadweight Loss

An economic inefficiency that occurs when the allocation of resources is not optimal, often resulting from taxes or monopolies.

Behavioural

Relating to or focusing on the actions or reactions of individuals, often in response to external stimuli.

Interviewer

A person who conducts an interview, often for the purpose of evaluating qualifications or obtaining information.