Kamara Jobs, a recruitment company, decides to launch its own global online application. It paid $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 incurred _____.
A) processing cost
B) retrieval cost
C) acquisition cost
D) storage cost

Question

Quizplus · Accepted Answer

Kamara Jobs incurred an acquisition cost, which is the cost of obtaining useful information or technology. This cost is associated with the acquisition of the technology firm's proven technology to launch the online application.

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