Essential Factor in Implementing New Technology
Question:
What is an essential factor to consider when determining the cost of implementing a new technology in a business?
A) The aesthetic appeal of the technology
B) The technology’s impact on employee morale
C) The total cost of ownership, including purchase, installation, and maintenance expenses
D) The popularity of the technology in the media
Answer:
C) The total cost of ownership, including purchase, installation, and maintenance expenses
Explanation: When determining the cost of implementing new technology in a business, it is crucial to consider the total cost of ownership. This includes not only the initial purchase price but also installation costs and ongoing maintenance expenses. This comprehensive approach ensures a complete understanding of the financial commitment involved.
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