Skoot, an E-Commerce Startup Company, Recently Paid $300,000 to Widget

Multiple Choice

Skoot, an e-commerce startup company, recently paid $300,000 to Widget Corp., a company that provides Internet services and products including cloud computing and online searches, to gain access to the data regarding online product searches. In the context of the costs of useful information, it can be concluded that Skoot incurred _____.

A) processing cost
B) retrieval cost
C) storage cost
D) acquisition cost