Accel Techs, an information technology firm, recently invested $50 million to construct a data center that can keep all its data securely. In this scenario, the cost incurred by Accel Techs is an example of _____.
A) acquisition cost
B) storage cost
C) processing cost
D) retrieval cost

Question

Quizplus · Accepted Answer

The cost incurred by Accel Techs is an example of storage cost, as the company invested in a data center to securely store all its data.

Accel Techs, an Information Technology Firm, Recently Invested $50 Million