Which of the following best describes storage costs?
A) It is the cost of obtaining data that an organization does not possess.
B) It is the cost of transforming data into meaningful information.
C) It is the cost of physically or electronically archiving information.
D) It is the cost of transmitting information from one place to another.

Question

Which of the following best describes storage costs? 
A) ​It is the cost of obtaining data that an organization does not possess. 
B) ​It is the cost of transforming data into meaningful information. 
C) ​It is the cost of physically or electronically archiving information. 
D) ​It is the cost of transmitting information from one place to another.

Quizplus · Accepted Answer

Storage costs refer to the expenses associated with physically or electronically storing and archiving data and information. This includes maintaining hardware and software systems for data storage, securing and backing up data, and managing data retention policies. It does not involve obtaining new data, transforming data, or transmitting data.

Which of the Following Best Describes Storage Costs