Lailey Tech, a global customer service provider, spent $250 million on a new data center to keep its data safe at a single location. In this scenario, the cost that Lailey Tech incurred is an example of _____.
A) acquisition cost
B) processing cost
C) storage cost
D) retrieval cost

Question

Quizplus · Accepted Answer

The cost incurred by Lailey Tech is an example of storage cost, as it is related to the expense of keeping their data safe and secure at a single physical location. The other options, acquisition cost, processing cost, and retrieval cost, do not accurately describe the cost incurred by Lailey Tech.

Lailey Tech, a Global Customer Service Provider, Spent $250 Million