Which of the following statements defines storage 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 physically or electronically archiving information for later use.
D) It is the cost of transmitting information from one place to another.

Question

Quizplus · Accepted Answer

Storage cost refers to the cost involved in physically or electronically archiving information for later use. This includes the cost of hardware, software, maintenance, and security of data storage systems.

Which of the Following Statements Defines Storage Cost