Which of the following terms BEST describes the cost to convert data into information? A)retrieval cost B)communication cost C)processing cost D)acquisition cost

Question

Quizplus · Accepted Answer

The cost to convert data into information is known as processing cost. This involves sorting, filtering, analyzing, and converting raw data into meaningful information that can be used to make decisions. Retrieval cost refers to the cost of accessing data from storage, communication cost refers to the cost of transmitting data between systems or locations, and acquisition cost refers to the cost of obtaining new data.

Which of the Following Terms BEST Describes the Cost to Convert