Recurring Costs Include All of the Following Except

question 18

Multiple Choice

Recurring costs include all of the following except

• A)data conversion
• B)software maintenance
• C)insurance
• D)supplies

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Definitions:

Periodic Adjustment

The regular alteration or correction of something, such as a financial rate, policy, or procedural framework, to ensure effectiveness or to respond to a changing environment.

Cost Of Living

The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare.

Social Security

A government program that provides financial assistance to people with inadequate or no income, especially the elderly and disabled.

Basic Income

A financial security program in which all citizens receive a regular, unconditional sum of money from the government regardless of other income.