Fuine Corp.,a multinational corporation,has a data management system that contains raw data about the firm,its employees,business processes,subdivisions,etc.The data management system is outdated and inefficient in converting the data into useable information.This significantly costs the company.In this case,which of the following costs is Fuine Corp.incurring?
A) Processing costs
B) Retrieval costs
C) Acquisition costs
D) Storage costs

Question

Fuine Corp.,a multinational corporation,has a data management system that contains raw data about the firm,its employees,business processes,subdivisions,etc.The data management system is outdated and inefficient in converting the data into useable information.This significantly costs the company.In this case,which of the following costs is Fuine Corp.incurring? 
A) ​Processing costs 
B) ​Retrieval costs 
C) ​Acquisition costs 
D) ​Storage costs

Quizplus · Accepted Answer

Fuine Corp. is incurring processing costs because the outdated system is inefficient in converting raw data into usable information, which is a part of data processing.