Cosmo Techno, a new technology firm, invested $50,000 to obtain high-speed Internet services for fast and efficient transmission of information across its branches. In this scenario, the investment cost incurred by Cosmo Techno is an example of _____.
A) storage cost
B) processing cost
C) communication cost
D) retrieval cost

Question

Quizplus · Accepted Answer

The investment cost incurred by Cosmo Techno for obtaining high-speed Internet services is an example of communication cost. Communication costs refer to the expenses associated with transmitting data, information, or messages from one point to another through various channels like email, phone, fax, the Internet, and so on.

Cosmo Techno, a New Technology Firm, Invested $50,000 to Obtain