Oreva, a multinational corporation, pays $100,000 per year to an information technology firm to archive and secure all of its data into the information technology firm's cloud platform. In this scenario, the cost incurred by Oreva is an example of _____.
A) storage cost
B) processing cost
C) acquisition cost
D) retrieval cost

Question

Quizplus · Accepted Answer

The cost incurred by Oreva is a storage cost because it is paying for the service of archiving and securing its data in the cloud platform.

Oreva, a Multinational Corporation, Pays $100,000 Per Year to an Information