Soundwave Communication Services has processed and archived a large amount of data on its servers. However, due to a technical fault in its servers, it is unable to access the information. It had to spend a large sum of money to regain access to the information. In this scenario, the cost borne by Soundwave Communication Services is an example of _____.
A) acquisition cost
B) processing cost
C) storage cost
D) retrieval cost

Question

Quizplus · Accepted Answer

The cost borne by Soundwave Communication Services is an example of retrieval cost, as it pertains to the cost incurred to access information that has already been processed and stored.

Soundwave Communication Services Has Processed and Archived a Large Amount