Kamara Jobs, a recruitment company, decides to launch its own global online application. It pays $200,000 to obtain the proven technology required to launch this application from an information technology firm. In the context of the costs of useful information, Kamara Jobs has incurred _____.
A) processing cost
B) retrieval cost
C) acquisition cost
D) storage cost

Question

Quizplus · Accepted Answer

Kamara Jobs has incurred an acquisition cost as it has paid to obtain the technology required to launch its online application.

Kamara Jobs, a Recruitment Company, Decides to Launch Its Own